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- W2076591657 abstract "This paper extends the capitalization approach of Wallace E. Oates to consider supply adjustment in a local public goods market of the sort hypothesized by Charles M. Tiebout. It is shown that Oates's singleperiod cross-section analysis-demonstrated demand conditions approximated Tiebout's hypotheses in a situation in which supply was not in long-run equilibrium. Analysis of capitalization of taxes, school expenditures, and road maintenance expenditures over five successive census periods in the Boston area indicates a move toward equilibrium in the market for schooling, but not in all other markets for local public goods." @default.
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- W2076591657 date "1974-09-01" @default.
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- W2076591657 title "Taxes, Spending, and Property Values: Supply Adjustment in a Tiebout-Oates Model" @default.
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- W2076591657 doi "https://doi.org/10.1086/260248" @default.
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