Showing 1 - 10 of 2,363
Persistent link: https://www.econbiz.de/10008731632
Persistent link: https://www.econbiz.de/10001178259
Persistent link: https://www.econbiz.de/10001383835
Persistent link: https://www.econbiz.de/10013271630
Persistent link: https://www.econbiz.de/10011698602
Persistent link: https://www.econbiz.de/10013360725
We extend a model of wasteful state aid in Dewatripont and Seabright (2006, Journal of the European Economic Association 4, 513-522) by a supranational controlling authority. The model combines moral hazard and adverse selection to show that politicians fund wasteful projects to signal their...
Persistent link: https://www.econbiz.de/10010322231