Search Results
Journal Article
Are states giving away the store?
Journal Article
Pitching for the minor leagues
Working Paper
Entrepreneurship and government subsidies under capital constraints: a general equilibrium analysis
This paper studies the interaction of capital constraints with business formation, growth and destruction, and the policy implications of this interaction. A dynamic general equilibrium model is constructed and shown to be consistent with recent empirical finding on this subject. In the model, agents face uninsurable income risk and costly financial intermediation, and they choose to be either a worker or an entrepreneur. A calibrated version of the model is used to examine two government assistance programs: loan guarantees and grants. The main findings are that both programs can improve ...
Journal Article
Stadiums and convention centers as community loss leaders
Journal Article
Dialing for dollars
Rural telephone companies in the district collect millions of dollars annually in universal service subsidies. Has the time come to let them fend for themselves?
Journal Article
Broadband: not quite universal
Given the state of rural broadband, extending universal service to high-speed Internet access may be premature.
Journal Article
Making transit work