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.
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Massimo Motta, ICREA – Universitat Pompeu Fabra, Barcelona; and Barcelona Graduate School of Economics, Spain.
Martin Peitz, University of Mannheim; and Mannheim Centre for Competition and Innovation, Germany.
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Motta, M., Peitz, M. State Aid Policies in Response to the COVID-19 Shock: Observations and Guiding Principles. Intereconomics 55, 219–222 (2020). https://doi.org/10.1007/s10272-020-0902-4
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DOI: https://doi.org/10.1007/s10272-020-0902-4