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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | A quantitative analysis of subsidy competition in the U.S. |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | Journal of Public Economics |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0047-2727 |
| Volume | 224 |
| Page Range | 104919 |
| Date | 2023 |
| Abstract Text | We use a quantitative economic geography model to explore subsidy competition among U.S. states. We ask what motivates state governments to subsidize firm relocations and quantify how strong their incentives are. We also characterize fully non-cooperative and cooperative subsidy choices and assess how far away we are from these extremes. We find that states have strong incentives to subsidize firm relocations in order to gain at the expense of other states. We 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. |
| Related URLs | |
| Digital Object Identifier | 10.1016/j.jpubeco.2023.104919 |
| Other Identification Number | merlin-id:23958 |
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| Keywords | Economics and econometrics, finance |
| Additional Information | Bereits als Working Paper in NBER Working Paper Series No. 20975 erschienen: https://doi.org/10.3386/w20975. |