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subsidies and show that, for a small open economy, positive tax and subsidy rates exist which maximise welfare, rendering no … with positive tax and subsidy rates exists, and that cooperation between trading partners in setting these rates is more …
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Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are desirable because the private sector is more efficient, the contract that optimally trades demand risk, user-fee distortions and the opportunity cost of public funds is characterized by a minimum...
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