(no abstract available)

This paper considers the relative centralization or decentralization of public finance, and relates the equity and efficiency issues ot the special features of developing economies. The paper considers the centralization of taxation and service provision in Indonesia in relation to these theoretical prinicples and indicates ways in which we may expect decentralization to proceed in the Indonesian context.

Statistical models of real estate price determination can be an important tool in managing the appraisal function. The accuracy of theese models depends crucially on the inclusion of all relevant information as well as on the correct specification of the price function.

This paper proposes a hybrid model of the hedonic price relationship, combining information on single sales and multiple sales of properties. The paper also indicates the utility of such a model in the verification of appraisal data.