Using market valuation to assess public school spending
نویسندگان
چکیده
منابع مشابه
Public spending, market imperfections and unemployment
This paper proposes a generalized WS/PS model studying the impact of public spending on employment, in the presence of imperfect competition in labour and product markets. Public spending is shown to a¤ect rms pro t margins and rms labour demand schedules. The model highlights a new channel by which scal policy can improve employment. By reducing rmsmark-up, public spending helps counterin...
متن کاملUsing Choice Experiments for Non-Market Valuation
This paper provides the latest research developments in the method of choice experiments applied to valuation of non-market goods. Choice experiments, along with the, by now, well-known contingent valuation method, are very important tools for valuing non-market goods and the results are used in both cost-benefit analyses and litigations related to damage assessments. The paper should provide t...
متن کاملMergers and market valuation: real options approach
This paper investigates the connection between market valuation anda type of the merger (stock, cash) using real options setup. I solveexplicitly for the timing and terms of cash mergers in two deferent settingsto demonstrate that cash mergers generally occur at low marketvaluations, whereas stock mergers that may be observed at both low andhigh valuations; the result holds with some dierences ...
متن کاملWhy Do Households Without Children Support Local Public Schools? Linking House Price Capitalization to School Spending
While residents receive similar benefits from many local government programs, only about one-third of all households have children in public schools. We argue that capitalization of school spending into house prices can encourage even childless residents to support spending on schools. We identify a proxy for the extent of capitalization—the supply of land available for new development—and show...
متن کاملMarket Valuation and Mergerwaves
Does valuation affect mergers? Data suggest that periods of stock merger activity are correlated with high market valuations. The naı̈ve explanation that overvalued bidders wish to use stock is incomplete because targets should not be eager to accept stock. However, we show that potential market value deviations from fundamental values on both sides of the transaction can rationally lead to a co...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 2004
ISSN: 0047-2727
DOI: 10.1016/s0047-2727(03)00024-0