Self-interest and public funding of education

Article Abstract:

The study, whether publicly funded education can emerge as a political and economic equilibrium in an overlapping generations economy, in which the selfish agents vote for public funding of education is conducted. The presence of complementarities between the capital and labor, in the production function, improves the skills of the next period's workers, public funding of education increases the return on capital. Thus, many support publicly financed education system to enhance their future income.

Public Administration & Finance, Public Finance-Total Govt, Public Admin & Finance-Total Govt, Educational finance

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The effect of property tax limitation measures on local government fiscal behavior

Article Abstract:

The implementation of property tax limitation measures creates varying effects on different types of jurisdictions. Property tax limitation measures tend to produce a limiting effect on the growth of property taxes and on expenditures related to school district operation. The instructional expenditures of school districts, meanwhile, showed unresponsiveness to property tax limitation measures.

Tax Law, Property tax credit

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A theory of markets, institution, and endogenous preferencs

Article Abstract:

The endogeneity of preferences reviews that, preferences are not only affected by individual preferences but also due to the economic, social, legal and cultural structure of the society. A general equilibrium model of incomplete markets is developed, in which preferences are endogenously determined.

Forecasts, trends, outlooks, Models, Forecasts and trends, Market trend/market analysis, Financial markets

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