Efficient inequality: differential allocation in the local public sector

Article Abstract:

The impact of differential allocation of locally-provided public input to social efficiency is analyzed by deriving the distributional efficiency condition, which is the distribution of public inputs that maximizes within-city gains from trade. The differential allocation process was found to produce changes to the conventional, or Samuelsonian, condition of allocative efficiency. Conventional empirical voter models were also found to be seriously wrong due to their inability to differentiate either publicly-provided input distribution or individual demand from the net public output production.

Civil service, Labor productivity

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State-specific estimates of state and local government capital

Article Abstract:

Capital accumulation by state and local governments in the period 1960-1988 is estimated. Methods of constructing data are presented and compared. Estimates for the 50 states and the District of Columbia are presented, both for aggregate capital accumulation and for capital dedicated to specific functions, as well as for state and local governments. A wide variation is found in terms of geographic, government level and function, and intertemporal factors.

Research, Capital formation, Local finance, State finance

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Should transfer payments be indexed to local price levels?

Article Abstract:

A distribution model measures optimal indexing of transfer payments. Four calibrating parameters are used to determine exact optimal connection between transfers and local prices. Application studies reveal that optimal connection between transfers and local prices increases along with the increase in the coefficient of relative risk aversion and when income and amenities are complements. In the contrary, it declines when labor migration are high.

Pricing Policy, Income Accounting, Pricing, Labor mobility, Transfer payments, Indexing (Content analysis), Indexing

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