Blomgren-Hansen, Niels - 1999
an efficiency point of view (the ‘lock-in’ effect). Sections 2 and 3 analyse, within a very simple framework, the impact … subsidy is an appreciable expenditure. Sections 4 and 5 address the problem of efficiency losses from tax succession and ‘lock …-in. The conclusion is that, most probably, the former efficiency loss out-weighs the latter one, in particular, if the rules …
