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S2E2 - Cailin Slattery, Bidding for Firms

Densely Speaking

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Are We Getting Direct Benefits From State Subsidies?

Firms appear able to capture most of the surplus here. I think this is a useful point to clarify lot bit more about the welfrerd concept and what we know about who is benefiting. Even though these subsidy deals are large in terms of a state budget, they're relatively small. And even if they don't make the revenue gains that they were expecting because of the agglomeration or what not, then where is it coming from?

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