How Long to Read The Political Economy of Restructuring and Subsidisation

How Long Does it Take to Read The Political Economy of Restructuring and Subsidisation?

It takes the average reader and 40 minutes to read The Political Economy of Restructuring and Subsidisation by Greetje M. M. Everaert

Assuming a reading speed of 250 words per minute. Learn more

Description

In today's increasingly competitive business environment, many firms in declining industries have been confronted with the need to restructure. However, lobbies in these industries have often managed to attract government subsidies instead. This paper looks at the decision of a loss-making firm whether to lobby for subsidies or whether to restructure in the context of a contributions game as in Magee et al. (1989). We further analyse the role of tariffs in restricting uncompetitive practices such as granting state aid to unprofitable firms. Several results stand out. Firstly, there is a trade-off between spending resources on lobbying for subsidies and costly restructuring such that both restructuring and subsidisation take place in our model. Secondly, countervailing tariffs on subsidised exports shift the decision in favour of restructuring, thereby hardening budget constraints. Hence, the model illustrates that external constraints such as countervailing tariffs can help to establish internal financial discipline when first-best solutions are politically unfeasible. Thirdly, the social planner always prefers full restructuring implying that political com-petition comes at a cost of lower economic welfare in our model.

How long is The Political Economy of Restructuring and Subsidisation?

The Political Economy of Restructuring and Subsidisation by Greetje M. M. Everaert is 39 pages long, and a total of 10,101 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read The Political Economy of Restructuring and Subsidisation Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 55 minutes to read The Political Economy of Restructuring and Subsidisation aloud.

What Reading Level is The Political Economy of Restructuring and Subsidisation?

The Political Economy of Restructuring and Subsidisation is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Political Economy of Restructuring and Subsidisation?

The Political Economy of Restructuring and Subsidisation by Greetje M. M. Everaert is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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