EconPapers    
Economics at your fingertips  
 

Housing market prices: capitalisation of efficiency in local public service provision. An application with data on Italian urban transport related expenditures

Angela Stefania Bergantino and Francesco Porcelli ()

No 13_2, Working Papers from SIET Società Italiana di Economia dei Trasporti e della Logistica

Abstract: This paper investigates, from both a theoretical and an empirical point of view, the relationship between local government efficiency and the local housing market and, in particular, the possibility that councils’ performance is capitalised in the price of housing. The theoretical analysis is developed within a classical "Tiebout framework" using a simple model of urban political economy, showing the mechanism through which local government efficiency is capitalised in the value of houses. The empirical analysis, based on data from Italian municipalities, provides robust evidence in support of the hypothesis of positive capitalisation.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sietitalia.org/wpsiet/bergantino_porcelli_SIET_2013_logo.pdf First version, (application/pdf)

Related works:
Working Paper: Housing market prices: capitalisation of efficiency in local public service provision. An application with data on Italian urban transport related expenditures (2013) Downloads
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:sit:wpaper:13_2

Access Statistics for this paper

More papers in Working Papers from SIET Società Italiana di Economia dei Trasporti e della Logistica Contact information at EDIRC.
Bibliographic data for series maintained by Edoardo Marcucci ().

 
Page updated 2019-10-19
Handle: RePEc:sit:wpaper:13_2