打印

作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.53,P.524-541

语言

英文

关键字

H40;R31;R21;Capitalization;House price hedonic;Local public goods;Education;Crime;Taxes

作者单位

Department of Economics, College of Business Administration, Louisiana State University, Baton Rouge, LA 70803, USA"}]}]}],"floats":[],"footnotes":[],"affiliations":{"aep-affiliation-id2":{"#name":"affiliation","$":{"id":"aep-affiliation-id2;Department of Economics, College of Business Administration, Louisiana State University, Baton Rouge, LA 70803, USA"}]}},"attachments":[],"correspondences":{},"scopusAuthorIds":{},"articles":{}},"authorMetadata":[],"banner":{"expanded":false},"biographies":{},"body":{},"browser":{"name":"IE","engine":"Trident

摘要

A continuing debate questions whether capitalization of taxes and public services into house price occurs. The current study argues for an inverse relationship between housing supply elasticity and capitalization rates. A sample is split into houses on the interior and edge of the urban area. Capitalization of schooling and crime occurs everywhere, but it is weaker toward the edge of an urban area where housing supply elasticities and developer activity are greater. Tax results are less robust, but the capitalization rates of crime and school quality are roughly twice as strong on the interior than on the urban fringe.