may be tempted, in a socially non-optimal way, to delay the introduction of vaccines against new infections until the …

monopolist's optimal vaccination rate and its time discount rate crucially depends on the cost of production capacity. …

ranging from rules of origin and trade facilitation to external trade policy and R&D subsidies. The focus is on policy …

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 …

taxation and the various forms of subsidy and social welfare provision. Despite the removal of many former subsidies, the paper … government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in … finds that many implicit and unjustified subsidies remain, and they continue to distort resource allocation in undesirable …

This Paper studies the criteria with which the presence or absence of ‘subsidy’ in sales contingent Launch Aid R … incompleteness where the interval between bid and ask prices may not be finessed away. An economic definition of subsidy must … complete and incomplete market settings. With this in hand we then revisit some commonly posed questions concerning the subsidy …