Using dynamic programming, this paper examines effects of farm subsidies on U.S. exports of corn, cotton, rice, and wheat. The six policy simulations described here explore alternative proposals in the current round of the General Agreement on Tariffs and Trade. The analysis leads to two conclusions. First, abolishing domestic subsidies lowers world prices of these crops. Second, imposing tight...

In this paper, the subsidies accruing to owner-occupiers in the Newcastle travel-towork area (TTWA) for the period 1985-87 is examined. Data at the micro level from two building societies are used to produce estimates of the impact of mortgage-interest tax relief at source and the nontaxation of imputed rent. The overall level of subsidy is shown to have fallen through time and the greatest rel...

When to allow Research Joint Ventures (RJVs) or not is an important instrument in the development of an optimal R&D policy. The regulator, however, is unlikely to know all the relevant information to regulate R&D optimally. The extent to which there exist appropriability problems between the firms is one such variable that is private information to the firms in the industry. In a duopoly settin...

The Bayh-Dole Act allows universities to commercialize their research. University laboratories therefore have two sources of funds: direct grants from the government and funds from commercialization. In addition to giving direct subsidies to university laboratories, the government also subsidizes the commercial sector, for example, through tax credits. Subsidies to commerce contribute indirectl...

While evidence indicates that religious persons are more generous on average than nonreligious persons, little work has been done to determine if this greater generosity is a general pattern or specific to church-based institutions. Limited research addresses if, or how, religious and nonreligious givers respond to subsidies. This paper uses experimental data to examine differences in the amoun...

A unique data set on Taiwan was employed to investigate the socioeconomic family backgrounds of students attending universities. Our empirical study found that individuals attending university are more likely to come from better-educated families than are those who do not attend university. Students attending public universities, which receive higher government subsidies, tend to come from weal...

This paper investigates the effect of subsidies on the adoption of information and communication technology in Italy. We argue that the important geographical differences between North and South Italy are something that public policy should be concerned of. A matching estimator is used to explore the effects of financial assistance, by comparing the granted with non-granted firms. Our results s...

a r t i c l e i n f o This paper proposes a theoretical matching framework to analyze firms' and workers' response to a targeted hiring subsidy program when taking into account interactions between segments of the low-skilled labor market. By developing a general equilibrium model, the paper provides a useful tool to evaluate the aggregate effects induced on the low-skilled labor market. Then, ...

A former Republican congressman from South Carolina has started an institution to promote conservative approaches to mitigating climate change and achieving energy security for the United States. According to Bob Inglis, whose Energy and Enterprise Initiative is housed within George Mason University, market distortions lead Americans to use far more fossil fuels than they would if they paid the...