Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 18, 2014 erstellt
Beschreibung:
In metropolitan areas, people are employed in central cities but may reside in suburbs. Through this economic linkage, local property taxes affect neighboring localities within a metropolitan area even when the entire region is small and open with respect to the external markets for freely-mobile labor and capital. Comparative statics analysis shows how one locality can use its property tax to transfer rents from neighbors, giving rise to small-number strategic fiscal interactions among atomistic governments