Demand for new cities: Property value capitalization of municipal incorporation

• Published in: Regional science and urban economics Vol. 67; pp. 78 - 89
• Main Authors: Patrick, Carlianne, Mothorpe, Christopher
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 01.11.2017; Elsevier Sequoia S.A
• Subjects: Capitalization; Cities; Decentralization; Endogenous political jurisdiction formation; H73; Hedonic difference-in-differences; Imbalance; Incorporation; Metropolitan areas; Municipal incorporation; Property taxation; Property values; R21; R31; Real estate; Redistribution; Studies; Atlanta Georgia; United States > US; R21; R31; H73; Decentralization; Municipal incorporation; Property taxation; Hedonic difference-in-differences; Endogenous political jurisdiction formation

This paper investigates property value capitalization of municipal incorporation. Using detailed data from the metropolitan Atlanta area, our empirical strategy combines difference-in-differences hedonics with a relatively underutilized matching method from the class of monotonic imbalance bounding...