Holden, Darryl R; Swales, J K - In: Scottish Journal of Political Economy 42 (1995) 2, pp. 113-26
In this paper, a Cournot multifirm oligopolisitc framework is used to analyze the output and employment impacts of selective factor subsidies. Additionality, displacement, and substitution effects are all separately identified. The paper argues that the methods used in existing empirical studies...