State Aid Policies in Response to the COVID-19 Shock: Observations and Guiding Principles
Abstract As a general principle, state aid to firms and sector-specific support schemes should be used only when there are market failures; that is, when there are good reasons to believe that the market would not deliver efficient and/or equitable outcomes.
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer
2020-07-01
|
| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-020-0902-4 |