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| Author: | Owens, R.E. Sarte, P-D. |
| Title: | Analyzing firm location decisions: is public intervention justified? |
| Journal: | Journal of Public Economics
2002 : NOV, VOL. 86:2, p. 223-242 |
| Index terms: | BUSINESS TRANSFER LOCATION OF INDUSTRY RELOCATION SUBSIDIES |
| Language: | eng |
| Abstract: | When firms can set prices, moving costs imply excess inertia in firm migration relative to the social optimum. Therefore, the idea that inducing firm relocation cannot increase welfare can be misleading. In particular, firm migration encouraged by location subsidies does not amount to a "zero sum" across regions. |
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