Includes index.

PART I Introduction1 Why study state and local government finance?2 Microeconomic analysis: market effiiency and market failurePART II Public choice and fiscal federalism3 Demand for state and local government goods and services4 Public choice without mobility: voting5 Public choice through mobility6 Organization of subnational governmentPART III Provision of state and local goods and services7 Supply of state and local goods and services8 Pricing of government goods: user charges9 Intergovernmental grants10 Capital investment, borrowing, and debtPART IV Revenue for state and local governments11 Principles of tax analysis12 The property tax13 Sales and excise taxes14 Individual income taxes15 Business taxes16 Revenue from government monopoly and regulationPART V Applications and policy analysis17 Education18 Transportation19 Health and welfare20 Economic development

"State and Local Public Finance provides a comprehensive and sophisticated analysis of state and local government public finance practices and issues, using the basic tools of economics. This fifth edition maintains its focus on key local services such as education, healthcare and transportation, and brings in new coverage of land use and housing, applications from behavioural economics, and more international comparisons. This textbook provides an examination and analysis of public finance practices and problems in a federal fiscal system, focusing on the fiscal behaviour and policies of state and local governments. Modern economic theory is applied to examine the way key institutions are used to produce and finance services, and to provide evaluation of alternative policies. This stalwart text will continue to be invaluable reading for those who study public finance, local government finance, urban economics, public policy and public administration"-- Provided by publisher

eng.