This paper investigates how local law enforcement agencies operate within a metropolitan area when there is an elastic flow of criminal activity between them. A model is developed in which a unilateral increase in local law enforcement effort has the effect of "scaring" away criminals as well as...

This paper develops an Asymmetric Nash Equilibrium model of welfare provision by states when the benefit payment is a local public good and welfare recipients distribute themselves between states with a finite elasticity (through a logistic function). The model thus provides estimates of how the...

This paper compares the income of those office properties that are included in the FRC index, with the appraised values that are used to determine the index's appreciation component. We find that the appraised value of the portfolio was a constant multiple of its current income, over the...