State-local tax policies to encourage growth and development have been roundly criticized as detrimental to social welfare. In response, recent proposals have included delimiting the ability of states and localities to fashion tax policies. Not only are such proposals unworkable, but they fail...

This article summarizes the proceedings of a conference on state and local finance issues held under the auspices of Taxation, Resources, and Economic Development (TRED) during October 1991.

This chapter discusses the class of goods that has come to be known as public goods or collective goods. A distinctive characteristic of such goods is that they are not used up in the process of being consumed or utilized as an input in a production process. To be considered public, a good must...

Banerjee and Pattanaik (1996) proved a theorem that the maximal set with respect to a quasi-ordering can be fully recovered by defining the greatest sets with respect to each and every ordering extension thereof and taking their union. Donaldson and Weymark (1998) proved a theorem that a...