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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | A quantitative analysis of subsidy competition in the U.S. |
Organization Unit | |
Authors |
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Language |
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Institution | National Bureau of Economic Research |
Series Name | NBER Working Papers |
Number | 20975 |
Number of Pages | 54 |
Date | 2019 |
Abstract Text | I use a quantitative economic geography model to explore subsidy competition among U.S. states. I ask what motivates state governments to subsidize firm relocations and quantify how strong their incentives are. I also characterize fully non-cooperative and cooperative subsidy choices and assess how far away we are from these extremes. I find that states have strong incentives to subsidize firm relocations in order to gain at the expense of other states. I also find that observed subsidies are closer to cooperative than non-cooperative subsidies but the potential losses from an escalation of subsidy competition are large. |
Official URL | https://www.nber.org/papers/w20975 |
PDF File | Download from ZORA |
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Additional Information | Revised version |