Economics, Econometrics and Finance
4 years ago

Local Governments Subsidize Big Box Stores, Crowding Out Private Mechanisms

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RePEc: Research Papers in Economics
Shops and the City: Evidence on Local Externalities and Local Government Policy from Big Box Bankruptcies
Daniel Shoag, Stan Veuger

Paper Summary

Big retailers like big box stores have positive effects on nearby businesses. Local governments offer subsidies to attract these stores, but this can reduce private support for them. Overall, government subsidies don't change where these stores locate based on their benefits.

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