Alm, James; Hodge, Timothy R.; Sands, Gary; Skidmore, Mark - Victoria Business School, Victoria University of Wellington - 2014
In this paper we develop a theoretical model of the individual decision to become delinquent on one’s property tax payments. We then apply the model to the City of Detroit, Michigan, USA, where the city is in the midst of bankruptcy proceedings, and a rate of property tax delinquency of 48...