The Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies
Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government.
An AssetMarket Approach to Local Government
Local Governments Corporate Form
Capitalization Zoning and the Tiebout Hypothesis
The Median Voter in Local Government Politics
Serrano and the California Tax Revolt
The Fruits of SchoolFinance Centralization
The Race to the Top in Environmental Protection
Beggar Thy Neighbor and Landfill Location
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The Homevoter Hypothesis: How Home Values Influence Local Government ...
William A. Fischel
No preview available - 2005