Capitalization and sorting: A revision

Research output: Contribution to journalArticle

7 Scopus citations

Abstract

Can “matched” sorting, the assignment of high-income households to communities with high-quality public services, be sustained by competition alone? This article revises an analysis of this question and extends this analysis to consider a simple case of zoning. This revision reveals that housing market competition cannot sustain matched sorting under all circumstances but is likely to do so given available estimates of the relevant elasticities. Moreover, a simple zoning policy can lead to matched sorting whenever competition is not sufficient.

Original languageEnglish (US)
Pages (from-to)217-225
Number of pages9
JournalPublic Finance Review
Volume23
Issue number2
DOIs
StatePublished - 1995

ASJC Scopus subject areas

  • Finance
  • Public Administration
  • Economics and Econometrics

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