Mobility and Capitalization in Local Public Finance: A Reassessment

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Stanford Knowledgebase
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Overview: This paper examines the models of local public finance in which separated communities offer different development packages and agents choose among these. It is challenged that in the prevailing view that mobility of agents imposes the correct development incentives on communities through effects on land values.

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Format: PDF | Size: 133KB | Date: May 1997 | Pages: 26

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