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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...
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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...
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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...
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Previous research has shown that Tiebout-style fiscal competition among local governments reduces the likelihood of adopting income taxes. This literature has not yet considered the impact of yardstick competition on tax instrument choice. This article uses spatial econometrics to test for...
Persistent link: https://www.econbiz.de/10009372042