IDEAS home Printed from https://ideas.repec.org/p/wrk/warwec/134.html
   My bibliography  Save this paper

On the Capitalization Hypothesis for Local Public Finance

Author

Listed:
  • Starrett, David A

Abstract

The idea that the value of local public goods projects will be capitalized into land rents has a long tradition in the public finance literature, dating back at least as far as Tiebout (1956). Empirical evidence has been mixed, but some positive results have been reported by Oates (1969) among others. This simple idea is potentially very powerful. It provides a simple measure of project benefits which reveals (if perhaps after the fact) individual preferences for public goods. And if rent changes can be predicted in advance, it may provide an objective function for community decision making.

Suggested Citation

  • Starrett, David A, 1978. "On the Capitalization Hypothesis for Local Public Finance," The Warwick Economics Research Paper Series (TWERPS) 134, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:134
    as

    Download full text from publisher

    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/1978-1988/twerp134.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wrk:warwec:134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Margaret Nash (email available below). General contact details of provider: https://edirc.repec.org/data/dewaruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.