Market power of large cities and policy differences in metropolitan areas

William H. Hoyt

doi:10.1016/0166-0462(92)90001-H

Market power of large cities and policy differences in metropolitan areas

William H. Hoyt

Producción científica: Article › revisión exhaustiva

15 Citas (Scopus)

Resumen

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.

Idioma original	English
Páginas (desde-hasta)	539-558
Número de páginas	20
Publicación	Regional Science and Urban Economics
Volumen	22
N.º	4
DOI	https://doi.org/10.1016/0166-0462(92)90001-H
Estado	Published - nov 1992

Nota bibliográfica

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.

Financiación

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.

Financiadores
National Science Foundation (NSF)

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

Sustainable cities and communities

ASJC Scopus subject areas

Economics and Econometrics
Urban Studies

Acceder al documento

10.1016/0166-0462(92)90001-H

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title = "Market power of large cities and policy differences in metropolitan areas",

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.",

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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. {\textquoteleft}See Statistical Abstract of the United States 1987, Table no. 464 City Government-Finances, by Population-Size Groups, 1982, p. 278.",

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Market power of large cities and policy differences in metropolitan areas

Resumen

Nota bibliográfica

Financiación

ODS de las Naciones Unidas

ASJC Scopus subject areas

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