| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1919 |
| 来源ID | Working Paper 1919 |
| On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model | |
| Joseph Gyourko; Joseph S. Tracy | |
| 发表日期 | 1986-05-01 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | In this paper we examine the political economy. of capitalization in a Tiebout model when there is a rent-seeking public bureaucracy. A new approach is suggested for testing for the influence of successful local public sector rent-seeking on local property values. We present empirical evidence showing that property values are lower in cities which pay their public sector workers significantly more than similar public sector workers earn in other cities. Finally, we discuss how the regulatory process can be used to distribute rents arising from a short-run Tiebout disequilibrium to landowners, public sector workers, and renters. |
| URL | https://www.nber.org/papers/w1919 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559168 |
| 推荐引用方式 GB/T 7714 | Joseph Gyourko,Joseph S. Tracy. On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model. 1986. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1919.pdf（397KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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