TY  - JOUR
AU  - Inman,Robert
TI  - Financing Cities
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 11203
PY  - 2005
Y2  - March 2005
UR  - http://www.nber.org/papers/w11203
L1  - http://www.nber.org/papers/w11203.pdf
N1  - Author contact info:
Robert P. Inman
Department of Finance
Wharton School
University of Pennsylvania
Philadelphia, PA  19104-6367
Tel: 215/898-8299
Fax: 215/898-6200
E-Mail: inman@finance.wharton.upenn.edu
AB  - The macro-economic and micro-economic evidences makes a persuasive case for cities as important centers for productive efficiency, innnovation, and economic growth. For cities to achieve their full economic potential, however, complementary public services are required. This paper reviews the arguments and the evidence for the efficient financing and governance of city public services. Against the criterion of efficiency, city services should be limited to those services valued by city residents; financing should assign residential taxes to residential services and business land taxes and fees to business services; and city governance should foster competition and choice.
ER  -