On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
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In this paper we examine the political economy. of capitalization in a Tiebout model when there is a rent-seeking public bureaucracy. A new approach is suggested for testing for the influence of successful local public sector rent-seeking on local property values. We present empirical evidence
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美国国家经济研究局创建时间：
1986-05-01
