Chapter 7 is designed for debtors who do not have the ability to pay their existing debts and many times leads to a legal release of most debt. Chapter 13 is designed for debtors who have the ability to pay all or part of their debts in installments over a period of time. Bankruptcy research...

This article estimates expenditure equations for Michigan school districts using Kelejian's (1971) procedure for dealing with the endogenous state aid variables. Alternative specifications of the expenditure equation are derived, based on (i) a median voter model and (ii) Niskanen's (1971)...

The structure of taxes and license fees on motor vehicles varies widely across the states. In 1997, automobile owners in 12 states and the District of Columbia paid only a fixed license fee independent of the age or value of the vehicle. But statewide license fees in 15 states declined as the...