Standing Tiebout on his head: Tax capitalization and the monopoly power of local governments

被引:18
作者
Caplan, B [1 ]
机构
[1] George Mason Univ, Dept Econ, Fairfax, VA 22030 USA
[2] George Mason Univ, Ctr Study Publ Choice, Fairfax, VA 22030 USA
关键词
D O I
10.1023/A:1017564623294
中图分类号
F [经济];
学科分类号
02 ;
摘要
Much of the public finance literature argues that local governments behave competitively due to residents' ease of exit and entry. The model presented here challenges this widespread conclusion. Though it is costless to relocate to another locality, the presence of tax capitalization makes it impossible for land-owners to avoid monopolistic pricing of public services by moving; land-owners can only choose between paying the tax directly, or paying it indirectly in the form of a lower sale value for their housing if they exit. In consequence, the only real check on local governments comes through imperfectly functioning electoral channels.
引用
收藏
页码:101 / 122
页数:22
相关论文
共 26 条
[1]  
ARNOTT R, 1973, Q J ECON, V43, P471
[2]   ELECTORAL COMPETITION WITH INFORMED AND UNINFORMED VOTERS [J].
BARON, DP .
AMERICAN POLITICAL SCIENCE REVIEW, 1994, 88 (01) :33-47
[3]  
BARRO R, 1983, J POLITICAL EC, V41, P589
[4]   EFFICIENCY AND EQUALIZATION PAYMENTS IN A FEDERAL SYSTEM OF GOVERNMENT - A SYNTHESIS AND EXTENSION OF RECENT RESULTS [J].
BOADWAY, R ;
FLATTERS, F .
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 1982, 15 (04) :613-633
[5]   The determinants of success of special interests in redistributive politics [J].
Dixit, A ;
Londregan, J .
JOURNAL OF POLITICS, 1996, 58 (04) :1132-1155
[6]   REDISTRIBUTIVE POLITICS AND ECONOMIC-EFFICIENCY [J].
DIXIT, A ;
LONDREGAN, J .
AMERICAN POLITICAL SCIENCE REVIEW, 1995, 89 (04) :856-866
[7]   THE IMPLICATIONS OF COMPETITION AMONG JURISDICTIONS - DOES TIEBOUT NEED POLITICS [J].
EPPLE, D ;
ZELENITZ, A .
JOURNAL OF POLITICAL ECONOMY, 1981, 89 (06) :1197-1217
[8]  
Fisher G.W., 1996, WORST TAX HIST PROPE
[9]  
FISHER S, 1989, AM ECON REV, V79, P382
[10]   Electoral competition and special interest politics [J].
Grossman, GM ;
Helpman, E .
REVIEW OF ECONOMIC STUDIES, 1996, 63 (02) :265-286