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State aid policies in response to the COVID-19 shock: observations and guiding principles

Description
Summary: 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.
ISSN: 1613-964X
DOI: 10.1007/s10272-020-0902-4
Access: Open Access