, and progressive taxation, as well as investment and output subsidies to the entrepreneurial sector. …

Compensatory Amounts on agricultural trade. National production subsidies are examined in the context of the free intra-EC mobility … of capital and skilled labor. Subsidies are doubly harmful to a small open economy in the presence of factor mobility …. Moreover, even where rent-snatching subsidies may be profitable for the EC as a whole, subsidy wars could erupt between member …

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 …