This US survey examines (a) In the aftermath of Hurricane Ian, the level of Florida’s GDP in five years will be substantially lower than it otherwise would; (b) The prospect of further costly extreme weather events means that there is a substantial chance that some private property insurance markets will no longer exist in ten years in states such as Florida; (c) Without large government subsidies, mandated flood insurance requirements would substantially reduce losses from subsequent natural disasters by encouraging economic activity to migrate from the most flood-prone areas
Keyword: subsidies
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This week’s IGM Economic Experts Panel statements:
A) When local governments compete by offering subsidies to a firm that is willing to relocate, and shopping across multiple alternative areas, the firm typically captures most of value that is created via the relocation.
B) A federal prohibition against states and municipalities offering tax subsidies to attract specific businesses that are shopping across multiple areas to relocate would be welfare improving for the average taxpayer.
This week's IGM Economic Experts Panel statement:
The European Union often uses its antitrust powers to protect EU-based firms from international competition, rather than to promote greater competition in European markets.
This week's IGM European Economic Experts Panel Statement:
The European Union often uses its antitrust powers to protect EU-based firms from international competition, rather than to promote greater competition in European markets.
This week's IGM European Economic Experts Panel statements:
A) Subsidizing renewable energy sources is better than taxing fossil fuels, assuming the subsidy or tax would be set at levels that would reduce carbon emissions by an equivalent amount.
B) Germany’s solar-energy subsidies to date have produced net social benefits for Germany.
C) Solar-energy subsidies to date in Germany and other countries have produced net social benefits for the world.
This week’s IGM Economic Experts Panel statement:
Providing state and local subsidies to build stadiums for professional sports teams is likely to cost the relevant taxpayers more than any local economic benefits that are generated.
This week's IGM Economic Experts Panel statement:
Granting every American citizen over 21-years old a universal basic income of $13,000 a year — financed by eliminating all transfer programs (including Social Security, Medicare, Medicaid, housing subsidies, household welfare payments, and farm and corporate subsidies) — would be a better policy than the status quo.
This week's IGM Economic Experts Panel statement:
The “Cadillac tax” on expensive employer-provided health insurance plans will reduce costly distortions in US health care if it is allowed to take effect as scheduled in 2018.
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