A continuing debate questions whether capitalization of taxes and public services into house price occurs. The current study argues for an inverse relationship between housing supply elasticity and capitalization rates. A sample is split into houses on the interior and edge of the urban area....

A political jurisdiction may decide to cooperate in public schooling provision with its neighbors or remain independent. The determinants of the consolidation decision are compared for the richer and poorer, and the whiter and less white jurisdiction in each potential consolidation pair....

Education economists have estimated many education production functions but they have not estimated a supply curve of public school quality. In order to estimate the supply of public school quality, the price of a unit of public schooling must be found. Invoking the theory of implicit markets,...

Studies often show taxes and public services capitalized into house prices, but no one has tested whether the rate of capitalization depends on community size. The theoretical model of Hoyt (Regional Science and Urban Economics, 29, 155-171, 1999) predicts that capitalization occurs, but that...

A continuing debate questions whether capitalization of taxes and public services into house price occurs. The current study argues for an inverse relationship between housing supply elasticity and capitalization rates. A sample is split into houses on the interior and edge of the urban area....

Education economists have estimated many education production functions but they have not estimated a supply curve of public school quality. In order to estimate the supply of public school quality, the price of a unit of public schooling must be found. Invoking the theory of implicit markets,...

Municipalities sometimes retain separate police departments and park services while cooperating in public schooling services with neighboring municipalities. The theoretical model of Ellingsen (1998) predicts that: 1) under Tiebout sorting, larger size differences make big municipalities more...

A political jurisdiction may decide to cooperate in public schooling provision with its neighbors or remain independent. The determinants of the consolidation decision are compared for the richer and poorer, and the whiter and less white jurisdiction in each potential consolidation pair....

Recent literature suggests identifying house price hedonic models by using instrumental variables, spatial statistics, the borders approach, panel data, and other techniques. We introduce a mixed index model to identify house price hedonic regressions. We compare the performance of the mixed...

Communities differ in both the bundle of amenities offered to residents and the implicit price of these amenities. Thus, households are faced with a choice of which bundle to select when they select their residence. This choice implies households make tradeoffs among the amenities; that is, the...