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The Tiebout Hypothesis and Majority Rule: An Empirical Analysis / Dennis Epple, Thomas Romer, Holger Sieg.
- Format:
- Book
- Author/Creator:
- Epple, Dennis.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6977.
- NBER working paper series no. w6977
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Tiebout Hypothesis and Majority Rule
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1999.
- Summary:
- The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a general equilibrium model of residential choice. The estimator controls for both observed and unobserved heterogeneity among households, observed and unobserved characteristics of communities, the potential endogeneity of prices and expenditures as well as the self-selection of households into communities of their choice. We estimate the structural parameters of the model using data from the Boston Metropolitan Area. The empirical findings are by and large supportive of our approach.
- Notes:
- Print version record
- February 1999.
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