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Disequilibrium Adjustment Processes in the Local Tax-Expenditure System

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  • G C Lim

    (Woodrow Wilson School of Public and International Affairs, Princeton University, Princeton, NJ 08544, USA)

Abstract

Various studies have examined the equilibrium relationship between the local public sector and residential location. However, little is known about the disequilibrium adjustment processes in the provision of local public services. The present paper analyzes the dynamic process of disequilibrium adjustments in the local public sector in a realistic context. After deriving conditions for optimal provision of local services, factors displacing the initial equilibrium are analyzed, and the processes of adjustment are discussed.

Suggested Citation

  • G C Lim, 1982. "Disequilibrium Adjustment Processes in the Local Tax-Expenditure System," Environment and Planning A, , vol. 14(4), pages 471-476, April.
  • Handle: RePEc:sae:envira:v:14:y:1982:i:4:p:471-476
    DOI: 10.1068/a140471
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    References listed on IDEAS

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    1. Edel, Matthew & Sclar, Elliott, 1974. "Taxes, Spending, and Property Values: Supply Adjustment in a Tiebout-Oates Model," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 941-954, Sept./Oct.
    2. Schuler, Richard E, 1974. "The Interaction Between Local Government and Urban Residential Location," American Economic Review, American Economic Association, vol. 64(4), pages 682-696, September.
    3. Julius Margolis, 1970. "The Analysis of Public Output," NBER Books, National Bureau of Economic Research, Inc, number marg70-1, July.
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