Economic incentives and political institutions: Spending and voting in school budget referenda

摘要: Abstract Allocation of resources in the local public sector involves economic and political forces. In many U.S. states bulk spending on education is subject to referendum. We link proposals referendum outcomes. Our model makes use voting data shed light extent which referenda constrain spending. from school budget 544 New York districts for 1975–1976 year. econometric results simulations based them reveal considerable sensitivity form state grants-in-aid structure, as well requirement. addition, large appear behave more like ‘budget maximizers’ than do small districts, where line with ‘median voter’ demands.