an increase in economic activity in industry-province pairs that were the focus of the subsidy program, and positive … equilibrium model, we then assess the program's impacts. Based on the calibrated model we find that, in the long run, the subsidy … the country. These modest longer-term effects are due to the ability of households to migrate in response to the subsidy …

I use a quantitative economic geography model to explore subsidy competition among U.S. states. I ask what motivates …-cooperative and cooperative subsidy choices and assess how far away we are from these extremes. I find that states have strong … closer to cooperative than non-cooperative subsidies but the potential losses from an escalation of subsidy competition are …

education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …