6 research outputs found

    Matching Grants and Public Goods: A Closed-Ended Contingent Valuation Experiment

    Get PDF
    Matching grants are commonly used to influence the bundle of public goods provided by governments. We design a contingent valuation experiment to determine the value individuals place on improved recreational facilities under a matching grant proposal. The experiment provides an opportunity to examine preferences given the public good exists in an active and well-defined market, and the valuation experiment is perceived as meaningful to public policy. We estimate a mean willingness-to-pay for park improvements of 8.30,farlessthantheimpliedtaxincreaseof8.30, far less than the implied tax increase of 21 provided by local politicians opposed to the project, but nearly doubled the actual tax increase for the average property owner
    corecore