proposal-making rounds, the right of the minority to move first, and a ban on subsidies for the agenda-setters. We explore the …

subsidies on firms’ export performance. It documents robust evidence that production subsidies stimulate export activity …, although this effect is conditional on firm characteristics. In particular, the beneficial impact of subsidies is found to be …

for the support of output through subsidies, another for similar support through credit. The first argument relates to the …

attempting to minimize subsidies to banks' equityholders. When banks do not diffr with respect to the extent of debt overhang, it … can be fully overcome with the minimal amount of subsidies, providing each bank's equity holders no more than their pre … probabilities of default, we characterize the conditions for attaining a similar minimal subsidy outcome, with a Menu of either …

model to analyse the impact of R&D subsidies. There are some clear global policy implications which emerge from our analysis …. First, because subsidies to Southern innovation benefit the North as well, it is beneficial to the North to pay for some of … these subsidies. Second, because the ability of the South to assimilate Northern knowledge and innovate depends on Southern …