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Provedor de dados:  AgEcon
País:  United States
Título:  Government, Effectiveness, Performance and Local Property Values
Autores:  Deller, Steven C.
Maher, Craig
Data:  2006-02-22
Ano:  2005
Palavras-chave:  Land Economics/Use
Resumo:  We offer a practical test of local government effectiveness in the provision of public services. Building on the work of Brueckner (1979, 1982, 1983) and Henderson (1990, 1995) we offer a property value maximization model where levels of local public services are capitalized into property values. Using data for Wisconsin municipalities we demonstrate that service expenditure levels, and corresponding taxation levels, should be increased. In other words, the property value maximization test suggests that local public services in Wisconsin are consistently under-provided. By monitoring local property values officials can objectively determine if public services are being provided in an optimal manner.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  20063
Editor:  AgEcon Search
Relação:  University of Wisconsin-Madison>Department of Agricultural and Applied Economics>Staff Papers
Staff Paper Series No. 482
Formato:  23


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