Policy Watch: Governments at the Bidding Table

Johannes Biesebroeck Van

No 19081, Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation

Abstract: While governments the world over have been debating with how much vigour to pursue foreign investment projects the New Zealand government has recently indicated a reduced appetite for this activity. It has maintained even strengthened its commitment to subsidize screen production projects coming to the country but money to attract investments in other industries has been diverted to an outward investment strategy. In sharp contrast local governments have lately shown a much greater willingness to subsidize cultural or sporting events in order to boost local economic activity. Johannes Van Biesebroeck evaluates under what circumstances it makes sense for a government to subsidize private investments. He pays particular attention to interjurisdictional competition showing what governments should expect to pay when they join a bidding war and derive the expected welfare gain.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ir.wgtn.ac.nz/handle/123456789/19081

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcsr:19081

Access Statistics for this paper

More papers in Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation ISCR, PO Box 600, Victoria University Wellington 6140, New Zealand. Contact information at EDIRC.
Bibliographic data for series maintained by Library Technology Services ().