Abstract
When a single city, the 'central city', has a large share of the metropolis population, it will influence housing prices in other, smaller cities, the 'suburbs'. This market power leads to differences in government policy and property values between the central city and suburbs even when residents and amenities in the two regions are identical. When the central city's government is controlled by property-owning residents, its property tax rate exceeds the rate in the suburbs. The central city will also have lower property values than suburbs.
| Original language | English |
|---|---|
| Pages (from-to) | 539-558 |
| Number of pages | 20 |
| Journal | Regional Science and Urban Economics |
| Volume | 22 |
| Issue number | 4 |
| DOIs | |
| State | Published - Nov 1992 |
Bibliographical note
Funding Information:Correspondence to: William H. Hoyt, Georgetown Public Policy Program, 3600 N Street, NW Suite 200, Washington, DC 2007-2670, USA. *This research was supported with funds from the National Science Foundation (Grant No. RII-861067) and the Commonwealth of Kentucky through the Kentucky EPSCoR Program. Work on this paper was completed while I was at the University of Kentucky. I am grateful for the comments and suggestions of Richard Jensen, Eugenia Toma, John D. Wilson, and participants in the University of Kentucky Miroeconomics Workshop. ‘See Statistical Abstract of the United States 1987, Table no. 464 City Government-Finances, by Population-Size Groups, 1982, p. 278.
ASJC Scopus subject areas
- Economics and Econometrics
- Urban Studies
