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I study how different types of subsidization affect investment decisions in a laboratory experiment. Even though the expected pro t is identical in all treatments, I find highly significant differences between them. In particular, when investment alternatives get subsidized with tax credits the...
Persistent link: https://www.econbiz.de/10010504557
substantial crowding-out of private investment. While the individual revenues increase due to the subsidy, the innovative activity … negative effects on overall welfare, depending on the subsidy specifics. However, subsidies do not influence cooperative …
Persistent link: https://www.econbiz.de/10012970651
I study how different types of subsidization affect investment decisions in a laboratory experiment. Even though the expected profit is identical in all treatments, I find highly significant differences between them. In particular, when investment alternatives get subsidized with tax credits the...
Persistent link: https://www.econbiz.de/10013024371
This paper evaluates how R&D subsidies to the business sector are typically awarded. We identify two sources of ineffciency: the selection based on a ranking of individual projects, rather than complete allocations, and the failure to induce competition among applicants in order to extract and...
Persistent link: https://www.econbiz.de/10010366543
Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the standard is specific performance. The common law solution is ex post efficient. But is it also ex ante efficient? We use experimental methods to test whether knowing that...
Persistent link: https://www.econbiz.de/10012954015
Researchers in a number of fields have explored the question of why people voluntarily comply with the tax laws. The resulting scholarship suggests that a number of factors influence that decision, but the precise role of, and interaction between, those factors continue to be subjects of debate....
Persistent link: https://www.econbiz.de/10014137603
Persistent link: https://www.econbiz.de/10011907751
intended to lower the price of monetary donation. Standard economic theory predicts that the two schemes will have the same …
Persistent link: https://www.econbiz.de/10012488648
We develop novel estimates of peak and off-peak price elasticities for urban mass transit demand in San Francisco using a large natural experiment with 3.6 million trip sessions and a natural field experiment that both have exogenous price subsidies. We then estimate the welfare impacts for...
Persistent link: https://www.econbiz.de/10014337861
Persistent link: https://www.econbiz.de/10014251542