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State and local governments have recently experienced severe budget problems. Many state legislatures and governors have cut spending or raised taxes. Such changes in fiscal structure may restore fiscal balance, but they can have adverse consequences on state and local economic growth. This...
Yeh, Suwanakul, and Mai (1996) use a triangular production location model to study the impact of various business taxes on the output and location decisions of a competitive firm facing a random price. In this "Comment," it is shown that their results are exclusively output driven, and the very...
This article formulates a noncooperative game model of sulfur emission reductions that accounts for the transboundary transport of emissions. Based on this model, European demand for emission reductions is derived from 1980 to 1985. In the early 1980s, information on sulfur emissions and...
This article reexamines the costs and benefits to cities of publicly subsidized stadiums by measuring the welfare gain of a stadium. Previous research has shown that the economic impact of a stadium on a local economy is insignificant compared to the costs of the stadium. However, the literature...
This article investigates the provision of police and education services using a new method of indexing quantities of local public services that isolates movements in shadow prices and quantities in expenditure data. Demand equations for two public characteristics (the crime safety rate and high...
This article specifies an intertemporal model of firm behavior consistent with rational expectations, assuming either perfect competition or market power. Non-nested hypothesis tests were used to test the two versions of this model against each other. The test results do not support perfectly...
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