Dewatripont, Mathias; Seabright, Paul - In: Journal of the European Economic Association 4 (2006) 2-3, pp. 513-522
The conventional academic rationale for supranational intervention to curb state aids to industry appeals to transfrontier spillovers. However, competition policy practitioners often speak in terms of curbing "wasteful" spending, regardless of whether or not any international spillovers are...
