caa a22 4500 477078249 CHVBK 20180405111444.0 cr unu---uuuuu 170330e19960301xx s 000 0 eng 10.1007/BF00136522 doi (NATIONALLICENCE)springer-10.1007/BF00136522 Political markets, property tax referenda, and local school spending [Elektronische Daten] [Joe Stevens, Robert Mason] For better or worse, fiscal decisions made through property tax referenda allow local political markets to work. Demand, supply, and voting process components of such markets are estimated for those Oregon K-12 school districts that held referenda between 1981 and 1986. Various attributes of the median voter were related to school spending, but supply decisions by school boards and administrators were also important. Large districts used state aid to substitute for local property tax revenues on nearly a one-for-one basis, while relying on reversion budgets (inadequate property tax bases and implicit threats of school closures) to extract greater-than-desired spending levels from the median voter. Kluwer Academic Publishers, 1996 Stevens Joe Department of Agricultural and Resource Economics, Oregon State University, 97331-3601, Corvallis, OR aut Mason Robert Survey Research Center, Oregon State University, 97331-3601, Corvallis, OR, U.S.A. aut Public Choice Kluwer Academic Publishers; gopher://gopher.wkap.nl 86/3-4(1996-03-01), 257-277 0048-5829 86:3-4<257 1996 86 11127 https://doi.org/10.1007/BF00136522 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00136522 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Stevens Joe Department of Agricultural and Resource Economics, Oregon State University, 97331-3601, Corvallis, OR aut NATIONALLICENCE 700 1- Mason Robert Survey Research Center, Oregon State University, 97331-3601, Corvallis, OR, U.S.A aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers; gopher://gopher.wkap.nl/ 86/3-4(1996-03-01), 257-277 0048-5829 86:3-4<257 1996 86 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer