Financing productive local public goods

Article Abstract:

An analysis of purely productive local public goods within standard growth models was conducted to determine how to ensure an efficient provision of productive local public goods. In particular, it examines if the classical results found by Tiebout (1956) and George (1879, 1907) still hold when the productive character of public goods is considered. Tiebout-style results can be generated but are quite exacting and must depend on rigid assumptions. In addition, the Henry George Theorem was not found to apply in the traditional manner. The analysis shows that consideration of the productive aspects has a significant impact on the decentralization of the provision of infrastructure. Decentralization of the first-best is possible although the local authority must have the capacity to mediate at least using a residential head-tax. Efficient decentralization is not feasible when applied to competitive land developers offering the public good via a simple land capitalization program.

Finance, Real estate development, Public goods, Decentralization in government, Government decentralization

---

From sectoral to functional urban specialisation

Article Abstract:

Evidence is presented of a previously unremarked transformation of urban structure from mainly sectoral to mainly functional specialisation. An explanation is offered showing that this transformation is inextricably interrelated with changes in firms' organisation.

United States, Organizational history, Professional, Scientific, and Technical Services, Administration of Urban Planning and Community and Rural Development, BUSINESS SERVICES, Urban Planning Assistance, City planning, Urban planning, Location

---

Communication externalities in cities

Article Abstract:

Evidence of communication externalities is found by estimating both an earnings and a communication equation. In larger and more educated cities, workers communicate more and in turn, this has a positive effect on their wages.

Forecasts, trends, outlooks, Direct Property and Casualty Insurance Carriers, Fire, marine, and casualty insurance, Workmen's Compensation Insurance, Forecasts and trends, Market trend/market analysis, Workers' compensation, Human capital

Similar abstracts:

• Abstracts: Residential choice and the supply of local public goods. Social insurance competition between Bismarck and Beveridge
• Abstracts: Prochial interests and the centrlized provision of local public goods: evidence from congressional voting projects
• Abstracts: California mental health care: from the snakepit to the street? One-to-six
• Abstracts: Bargaining over residential real estate: evidence from England. Reinvestment in the housing stock: the role of construction costs and the supply side
• Abstracts: Tax competition in federations and the welfare consequences of decentralization. Federal tax autonomy and the limits of cooperation

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.