. Most evaluation studies have focused on the policy impact on subsidised firms, whereas the possible spillovers on other …

spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases … in the level of spillovers and decreases in that of market competition. We then replicate the experimental markets by …

spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases … in the level of spillovers and decreases in that of market competition. We then replicate the experimental markets by …