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Publications State Aid Policies in Response to the COVID-19 Shock: Observations and Guiding PrinciplesState Aid Policies in Response to the COVID-19 Shock: Observations and Guiding Principles
- Authors: Martin Peitz and Massimo Motta.
- industrial organization
- political economy
- microeconomics
- Public Economics
- Intereconomics
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.
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