A SPATIALLY AUTOREGRESSIVE MEDIAN VOTER MODEL OF RECREATION EXPENDITURES

Citation
Jc. Murdoch et al., A SPATIALLY AUTOREGRESSIVE MEDIAN VOTER MODEL OF RECREATION EXPENDITURES, Public finance quarterly, 21(3), 1993, pp. 334-350
Citations number
19
Categorie Soggetti
Business Finance
Journal title
ISSN journal
00485853
Volume
21
Issue
3
Year of publication
1993
Pages
334 - 350
Database
ISI
SICI code
0048-5853(1993)21:3<334:ASAMVM>2.0.ZU;2-R
Abstract
This article presents a median voter model to explain the expenditures on recreation by local governments. The authors show that when the be nefits of a public good provided by one community can spill over to me mbers of other communities the correct empirical specification is a sp atially autoregressive econometric model. With respect to local recrea tion, it was found that communities with relatively high incomes and a ir pollution spend relatively less on provision.