When Amazon started looking for a home for its second headquarters (“HQ2”), cities across North America vied to be selected. They offered tax breaks and other incentives, seeking the prestige of a high-profile corporate headquarters and the promise of economic... More »
Firms often underinvest in research and development (R&D) when there is no government intervention. There are many uncertainties and risks that discourage firms from investing in R&D, which slows the pace of innovation. To address this problem, governments can... More »