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House Prices and the Structure of Local Government: An Application of Spatial Statistics

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When two internally homogeneous communities decide to jointly provide a public service, residents of each community lose some control over the public service provision. The loss of control over public schooling provision contributes to a $2,929 or 3.5 percent drop in constant-quality house value. Increased heterogeneity of the consolidated district is responsible for almost all the drop; the increased number of service recipients alone is responsible for almost none of the drop. The spatial hedonic, corrected for sample selection bias, also suggests economies of scale gains from school district consolidation must be worth at least $3,369--4 percent of house value.

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Paper provided by Department of Economics, Louisiana State University in its series Departmental Working Papers with number 2002-17.

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Handle: RePEc:lsu:lsuwpp:2002-17

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Cited by:
  1. Joshua C. Hall, 2013. "Does School District and Municipality Border Congruence Matter? A Spatial Hedonic Approach," Working Papers 13-02, Department of Economics, West Virginia University.
  2. Robert Dur & Klaas Staal, 2007. "Local Public Good Provision, Municipal Consolidation, and National Transfers," CESifo Working Paper Series 2061, CESifo Group Munich.
  3. Nguyen-Hoang, Phuong & Yinger, John, 2011. "The capitalization of school quality into house values: A review," Journal of Housing Economics, Elsevier, vol. 20(1), pages 30-48, March.
  4. Stadelmann, David, 2010. "Which factors capitalize into house prices? A Bayesian averaging approach," Journal of Housing Economics, Elsevier, vol. 19(3), pages 180-204, September.
  5. Laurie Bates & Becky Lafrancois & Rexford Santerre, 2011. "An empirical study of the consolidation of local public health services in Connecticut," Public Choice, Springer, vol. 147(1), pages 107-121, April.
  6. Leguizamon, Susane & Christafore, David, 2014. "Racial Differences in Willingness to Pay for Hospital Access," MPRA Paper 55926, University Library of Munich, Germany.
  7. Joshua C. Hall, 2014. "Local Government Border Congruence and the Fiscal Commons : Evidence from Ohio School Districts," Working Papers 14-13, Department of Economics, West Virginia University.
  8. Sedgley, Norman H. & Williams, Nancy A. & Derrick, Frederick W., 2008. "The effect of educational test scores on house prices in a model with spatial dependence," Journal of Housing Economics, Elsevier, vol. 17(2), pages 191-200, June.
  9. John Yinger, 2009. "Hedonic Markets and Explicit Demands: Bid-Function Envelopes for Public Services, Neighborhood Amenities, and Commuting Costs," Center for Policy Research Working Papers 114, Center for Policy Research, Maxwell School, Syracuse University.

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