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Keyword: government finance;

4 results found.

Economics of Industry Paper

Government financing of R&D: A mechanism design approach

Saul Lach, Zvika Neeman and Mark Schankerman

We study how to design an optimal government loan program for risky R&D projects with positive externalities. With adverse selection, the optimal government contract involves a high interest rate but nearly zero co-finan...Read more...

26 August 2020

SPCC Research Note

The Distribution of Local Government Finance by Local Authority-Level Deprivation

Ruth Lupton, Amanda Fitzgerald and Alex Fenton

This research note describes the methodology adopted in SPCC to track the relationship between central government spending and deprivation at the local authority level, thus addressing the question, over time and under d...Read more...

1 May 2013

International Studies Paper

Weaknesses in Japan’s Postwar Politics

Reiko Oyama and Tomoki Takeda

Discusses Japan’s political immobilism caused by lack of strong ministerial leadership and failure of reform initiatives. Attributes it to the power of factions within political parties which reforms have failed to break...Read more...

1 June 2010

Development Discussion Paper

The Flypaper Effect Revisited

Fernando Aragon

This paper argues that there is nothing anomalous about the flypaper effect. I develop a simple median voter model of government spending with costly tax collection that predicts the flypaper effect and provide a quantif...Read more...

January 2009