학술저널
Subsidies are Not Always Beneficial to Beneficiaries
Subsidies are Not Always Beneficial to Beneficiaries
- 한국계량경제학회
- JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS
- Vol.35 No.2
-
2024.0611 - 22 (12 pages)
- 7
We study the effects of subsidies on agents competing with each other. Examples include R&D competition of firms, local governments’ expenditure to stimulate local markets, and election campaigns for political parties. We find that subsidies reduce social welfare and are not always beneficial for beneficiaries.
1. INTRODUCTION
2. BASIC ANALYSIS
3. EXAMPLES
REFERENCES
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