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来源类型Journal Publication
规范类型其他
Shops and the city: Evidence on local externalities and local government policy from big-box bankruptcies
Daniel Shoag; Stan Veuger
发表日期2018-07-01
出版年2018
语种英语
摘要Abstract: We report three findings. First, using evidence from chain bankruptcies and data on 12 million to 18 million establishments per year, we show that large retailers produce significant positive spillovers. Second, local governments respond to the size of these externalities. When a town’s boundaries allow it to capture a larger share of retail spillovers, it is more likely to offer retail subsidies. Third, these subsidies partially crowd out private sector mechanisms that also subsidize large retailers, such as shopping malls. These facts provide powerful evidence of the Coase theorem at work and highlight a concern for local development policies even when externalities can be targeted. — Click here to read the full paper (the AEI Working Paper version).
主题Public Economics
标签retail ; subsidies
URLhttps://www.aei.org/research-products/journal-publication/shops-and-the-city-evidence-on-local-externalities-and-local-government-policy-from-big-box-bankruptcies/
来源智库American Enterprise Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/209203
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GB/T 7714
Daniel Shoag,Stan Veuger. Shops and the city: Evidence on local externalities and local government policy from big-box bankruptcies. 2018.
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