Did Proposition 2 1/2 affect local public education in Massachusetts? Using a panel data set on school district budgets (1972–1992), the authors find the following. School districts constrained by Proposition 2 1/2 have significantly less own-source revenue. However, constrained districts...

Did Proposition 2 1/2 affect local public education in Massachusetts? Using a panel data set on school district budgets (1972--1992), the authors find the following. School districts constrained by Proposition 2 1/2 have significantly less own-source revenue. However, constrained districts...

We try to show that the use of alternating decision making in an infinitely repeated prisoners' dilemma type game may enable sophisticated players to achieve perpetual cooperation starting from any initial position and without any prior communication, and that the ability of players to do so...

Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students...