Gathmann, Christina; Helm, Ines; Schönberg, Uta - 2014 - First version: March 1, 2014
Governments are often willing to subsidize firms on the verge of bankruptcy. The main economic rationale behind these interventions is that a plant closure would not only harm the workers employed in that plant, but create a domino effect on the regional economy as a whole. Yet, little is still...
