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| Parry, Ian W.H.. |
| Previous literature has shown that competition among regional governments may lead to inefficiently low levels of capital taxation, because governments do not take account of the external benefits of capital flight to other regions. However, the fiscal distortion is smaller the more elastic the supply of capital (for the region bloc), if governments are not perfectly competitive, or they behave in part as a revenue-maximizing Leviathan. There has been very little empirical work on the magnitude of the welfare effects of fiscal competition. This paper presents extensive calculations of the welfare effects using a model that incorporates the possibility of Leviathan behavior, strategic behavior by governments, monopsony power in factor markets, and a wide... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Fiscal competition; Tax harmonization; Welfare costs; Leviathan; Strategic behavior; Public Economics; H73; H21; H23. |
| Ano: 2001 |
URL: http://purl.umn.edu/10848 |
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| Waldorf, Brigitte S.; Byun, Pillsung; Florax, Raymond J.G.M.. |
| Since the 1970s, growth controls spread across many metropolitan regions in the United States. Several studies address the effects of local growth controls on housing markets, particularly its price effect, which is induced by rising construction cost, constrained housing supply, improved amenities, and market reorientation of homebuilders. However, only few studies explicitly address inter-jurisdictional spatial spillovers and strategic interaction of policy-makers of different jurisdictions in the design of growth control policies. This study focuses on two housing market outcomes, supply of new housing and market orientation, and utilizes a spatial econometric framework to systematically investigate local and global spatial spillovers giving rise to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Spatial spillovers; Growth controls; Housing supply; Market orientation; Public Economics; C21; H23; H73; R31. |
| Ano: 2005 |
URL: http://purl.umn.edu/19574 |
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| Oddou, Remy. |
| This paper analyzes the effect of spillovers and congestion of local public goods on the segregative properties of endogenous formation of jurisdiction. Households living in the same place form a jurisdiction and produce a local public good, that creates positive spillovers in other jurisdictions and suffers from congestion. In every jurisdiction, the production of the local public good is financed through a local tax on household's wealth. Local wealth tax rates are democratically determined in all jurisdictions. Households also consume housing in their jurisdiction. Any household is free to leave its jurisdiction for another one that would increase its utility. A necessary and sufficient condition to have every stable jurisdiction structure segregated by... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Jurisdictions; Segregation; Spillovers; Congestion; Environmental Economics and Policy; C78; D02; H73; R13. |
| Ano: 2011 |
URL: http://purl.umn.edu/108259 |
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| Alberini, Anna; Austin, David H.. |
| We analyze factors in states' decisions to switch their approaches to hazardous waste liability policy from negligence standards to policies based on strict liability. Many, but not all, states have switched in recent years. We explain differences in the timing of states' adoption of strict liability into their "mini-superfund" programs using data on states' industrial activities, environmental programs, wealth and education, and political orientation. We test implications of a theoretical model in which states adopt the liability regime (strict versus negligence-based liability) that they see as having greater net benefits. We test this model by estimating a profit equation of the presence or absence of strict liability in a state hazardous waste cleanup... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Strict liability; Toxic spills; Liability policy; Hazardous materials; Environmental Economics and Policy; D78; H73; I18. |
| Ano: 1997 |
URL: http://purl.umn.edu/10680 |
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| Schmidheiny, Kurt. |
| Swiss metropolitan areas are comprised of a system of communities with considerable fiscal autonomy. This study investigates how the income tax differentials across communities in an urban area affect the households` location decisions. Data from the urban agglomeration of Basel for the year 1997 is used. This unique data set contains tax information from all households that moved either within the city center of Basel or from the city center to the outskirts. The community choice of the households is investigated within the framework of the random utility maximization model (RUM). A theoretical model with progressive income taxation is developed to identify the household preferences applied in the RUM. Different econometric spezifications of the error... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Location Choice; Discrete Choice; Multinomial Probit; Mixed Logit; Spatial Autocorrelation; Income Segregation; Public Economics; H71; H73; R20; R23. |
| Ano: 2003 |
URL: http://purl.umn.edu/26217 |
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