Abstract

http://ssrn.com/abstract=820444
 


 



What are Private Governments Worth?


Amanda Agan


George Mason University - Department of Economics

Alexander T. Tabarrok


George Mason University - Department of Economics


Regulation, Vol. 28, No. 3, pp. 14-17, Fall 2005

Abstract:     
Homeowners associations (HOAs) and other local private governments are expanding in number both in the United States and around the world. Local private governments are also expanding in scope, with many offering private security and a few even offering services such as day care, schools, and local courts to arbitrate homeowner disputes. How valuable are those services to association-members? Our data indicate that houses in HOAs in Northern Virginia are worth, on average, more than 5 percent more than similar houses in the same neighborhood but outside of HOAs. Given those large advantages, it is not surprising that HOAs are growing rapidly.

Number of Pages in PDF File: 4

Keywords: Homeowners associations, HOAs, private governments, private security, associations, private associations

JEL Classification: L85, R21, R31

Accepted Paper Series


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Date posted: October 13, 2005  

Suggested Citation

Agan, Amanda and Tabarrok, Alexander T., What are Private Governments Worth?. Regulation, Vol. 28, No. 3, pp. 14-17, Fall 2005. Available at SSRN: http://ssrn.com/abstract=820444

Contact Information

Amanda Agan (Contact Author)
George Mason University - Department of Economics ( email )
4400 University Drive
Fairfax, VA 22030
United States
Alexander T. Tabarrok
George Mason University - Department of Economics ( email )
MSN 1D3
4400 University Drive
Fairfax, VA 22030
United States
703-993-2314 (Phone)
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