TY - JOUR
T1 - Endogenous crime victimization, taxes, and property values
AU - Buck, Andrew J
AU - Hakim, Simon
AU - Spiegel, Uriel
PY - 1993
Y1 - 1993
N2 - The researchers used a theoretical model, and an empirical study of the Atlantic City (NJ) region that spanned its pre- and postcasino eras. The net effect is ambiguous. Improved police services means lowered probability of loss due to crime--thus, raise housing demand and increased property values. At the same time, higher real estate taxes induce residents to look for housing elsewhere and cause property values to drop. Another cause for ambiguity is that, beyond some high tax rate, as taxes are increased, police productivity no longer increases proportionately. 4 tables, 34 references
AB - The researchers used a theoretical model, and an empirical study of the Atlantic City (NJ) region that spanned its pre- and postcasino eras. The net effect is ambiguous. Improved police services means lowered probability of loss due to crime--thus, raise housing demand and increased property values. At the same time, higher real estate taxes induce residents to look for housing elsewhere and cause property values to drop. Another cause for ambiguity is that, beyond some high tax rate, as taxes are increased, police productivity no longer increases proportionately. 4 tables, 34 references
UR - https://scholar.google.co.il/scholar?q=Endogenous+Crime+Victimization%2C+Taxes+and+Property+Values&btnG=&hl=en&as_sdt=0%2C5
M3 - Article
VL - 74
SP - 334
EP - 334
JO - SOCIAL SCIENCE QUARTERLY-AUSTIN
JF - SOCIAL SCIENCE QUARTERLY-AUSTIN
IS - 2
ER -
