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This paper provides a tractable theoretical model designed to capture the targeting incentives created by benchmark testing. Under high-stakes benchmark testing, schools and teachers are judged on the fraction of students that meet some given level of educational attainment. The incentive for...
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Governments are subjected to many sources of competition that can be productive or destructive to their ability to maintain citizen trust. This paper explores the role of competition in the local government marketplace as a determinant of trust in local government. Using individual respondent...
Persistent link: https://www.econbiz.de/10014350541
A mainstream motivation for decentralized government is to enable public service investments to better align with political preferences that may differ by geographical region. This paper examines how political preferences determine local government provision of hospital services. We find that...
Persistent link: https://www.econbiz.de/10012479370
This paper investigates the value individuals place on their relative status in consumption, as opposed to absolute status. Using observed housing sales from three Ohio MSAs in 2000, we employ a spatial hedonic price model to estimate the total marginal willingness-to-pay for both relative and...
Persistent link: https://www.econbiz.de/10012754837
In hedonic analysis, a common approach for eliciting information regarding the welfare significance of some landmark or (dis)amenity is to control for its distance from each observation. Unfortunately, the effects of distances to amenities on housing prices are generally not consistent...
Persistent link: https://www.econbiz.de/10012756467
While typically not a formulator of policy, property assessors are likely sensitive to political incentives as they are either directly elected to their office or appointed by another elected official. This paper estimates a model that is motivated by the assumption that assessors seek to...
Persistent link: https://www.econbiz.de/10012714075
Can the federal budget be constrained using congressionally self-imposed rules? The Budgetary Enforcement Act of 1990 (BEA90), in effect from 1992 to 2002, is frequently held up as an example of congressional control that largely succeeded in doing so and its expiration is considered a watershed...
Persistent link: https://www.econbiz.de/10012857930