sports facility. Typically, the state and local subsidy is provided through below-market rents, guarantees, and direct … payments on behalf of the team. The federal subsidy is provided when state or local bonds are used to finance the facility … federal tax laws on tax-exempt financing and the federal subsidy for publicly owned stadiums, arenas, and ballparks. Section …

We provide evidence that subsidy types that are identical in monetary terms differ in their behavioral responses and … than under grant. Both subsidy types are essentially very similar, only the mechanism of the subsidy application is … desired investment decisions by using a certain subsidy type. Particularly, our results suggest that when policymakers are …

problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …