Autore
Revelli, Federico

Titolo
Central Command, Local Hazard and the Race to the Top
Periodico
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper series
Anno: 2009 - Volume: 10 - Fascicolo: 9 - Pagina iniziale: 1 - Pagina finale: 32

This paper explores for the first time the consequences of centrally imposed local tax limitations on the modelling and estimation of spatial auto-correlation in local fiscal policies, and compares three spatial interaction estimators: a) the conventional maximum likelihood estimator that ignores censoring; b) a spatial Tobit estimator; c) a discrete hazard estimator. Implementation of the above empirical approaches on the case of local vehicle taxation in Italy provides a reasonably coherent picture in terms of the direction and size of the spatial interaction process, and offers a plausible spatial interpretation of the race to the top in provincial vehicle taxes.



Testo completo: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2009dip/9_wp_revelli_diporto.pdf

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