THE EFFECTS OF LOCAL TAXES AND PUBLIC SERVICES ON RESIDENTIAL DEVELOPMENT PATTERNS*
将外生的税收与公共服务部门纳入动态住宅用地模型，分析地方财政政策如何改变住宅开发的节奏与模式，并比较不同税种及公共服务时间路径的影响。
ABSTRACT. This paper incorporates an exogenous taxing and service‐providing public sector into a dynamic residential land‐use model in order to examine how local‐government fiscal policies alter the pace and pattern of residential development. The model is used to derive the comparative‐dynamic responses to variations in the income, sales, and property taxes and public‐service time paths. The results show how tax and expenditure effects systematically depend upon the anticipated relative growth rates in rents to alternative uses and vary across locations within a given urban area as well as across urban areas themselves.