Property tax classification and welfare in urban areas: a general equilibrium computational approach

Article Abstract:

Some of the welfare and structural effects of a tax system change are considered. Property formerly classified by use for tax assessment purposes is reclassified for a system which does not discriminate by property treatment. A long-term, general equilibrium model is developed for intra-urban spatial location. Stylization of the model to the Boston metropolitan area is utilized as much as possible. Measures of welfare change are gauged with general equilibrium versions of compensating. Equivalent income variations are also used. Fairly robust data are obtained from the qualitative welfare results. There is a welfare gain in the majority of cases when there is a move from the posited tax classification to one in which all property is taxed at the same effective rate.

Analysis, Taxation, Cities and towns, Real property tax, Real property taxes, Boston Metropolitan Area, Boston

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Existence of equilibrium configurations of competitive firms on an infinite two-dimensional space

Article Abstract:

Equilibrium configurations of competitive companies on an infinite two-dimensional (2-D) space were investigated by developing a model of spatial competition. The analysis of the model demonstrated that a regular-hexagonal lattice and a square lattice were in global equilibrium. The regular-hexagonal lattice had the strongest global equilibrium of all the regular lattices. The 2-D model provided drastically different results than the one-dimensional (1-D) model. This implies that the 1-D models used in spatial economics should not be the only means of inferring spatial equilibrium configurations in a 2-D space.

Competition (Economics), Spatial systems

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A comparative study of household interactive variable input-output (HIVIO) model and the conventional input-output models

Article Abstract:

A comparison is made between the household interactive variable input-output (HIVIO) model and conventional input-output models. The empirical results of the HIVIO model were juxtaposed with the results of conventional models for the US and for the State of Oklahoma, using Jack Faucett's 1977 input-output transaction tables. The empirical comparisons reveal that HIVIO income and output multipliers are consistently smaller than Type II multipliers and bigger than those for Type I. Changing wage rates stimulate the HIVIO multipliers to see the multiplier effects of the wage changes.

Research, Housing, Input-output analysis

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