Article ID Journal Published Year Pages File Type
5078341 International Journal of Industrial Organization 2012 10 Pages PDF
Abstract
► I analyze the design of investment promotion policy for infrastructure financing. ► All high return projects are approved and pay the tax. ► A share of low return projects are approved and provided financial support. ► The policy does not change the information of investors about the project type. ► Uneven type distribution hinders promotion of low return socially valuable projects.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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