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Many comparisons of the performance of public and private producers use a public/private ownership dummy variable to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...
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goods; implicit and explicit subsidies; inertia; cartelization; and lack of profit opportunities. The review concludes that … capital funds and investment. In recent years, changes in hospital ownership have been common in the United States. Changes …
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, progressive taxation as well as investment and output subsidies to the entrepreneurial sector. …
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I study how different types of subsidization affect investment decisions in a laboratory experiment. Even though the … investment alternatives get subsidized with tax credits the willingness to invest in the subsidized alternative increases …
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