Government, Effectiveness, Performance and Local Property Values

Steven Deller () and Craig Maher
Additional contact information
Craig Maher: U of Wisconsin, Oshkosh

Staff Paper Series from University of Wisconsin, Agricultural and Applied Economics

Abstract: We offer a practical test of local government effectiveness in the provision of public services. Building on the work of Brueckner (1979, 1982, 1983) and Henderson (1990, 1995) we offer a property value maximization model where levels of local public services are capitalized into property values. Using data for Wisconsin municipalities we demonstrate that service expenditure levels, and corresponding taxation levels, should be increased. In other words, the property value maximization test suggests that local public services in Wisconsin are consistently under-provided. By monitoring local property values officials can objectively determine if public services are being provided in an optimal manner.

Date: 2005-06
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.aae.wisc.edu/pubs/sps/pdf/stpap482.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.aae.wisc.edu/pubs/sps/pdf/stpap482.pdf [301 Moved Permanently]--> https://aae.wisc.edu/pubs/sps/pdf/stpap482.pdf)

Related works:
Working Paper: Government, Effectiveness, Performance and Local Property Values (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecl:wisagr:482

Access Statistics for this paper

More papers in Staff Paper Series from University of Wisconsin, Agricultural and Applied Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().