Advances in Local Public Economics

The purpose of this book is to provide an overview of recent developments in local public economics and present a foundation for future progress.

The field of local public economics has developed alongside public finance theory. Whereas public finance theory deals mainly with various issues concerning nationwide fiscal management, the field of local public economics analyzes not only financial problems within a region but also interdependencies between regions, local governments, and, possibly, state and local governments. The research topics of local public economics can be attributed to the existence of jurisdictional boundaries and the vertical structure of the fiscal relationship between state and local governments.