Ballet, Jerome; Bazin, Damien; Lioui, Abraham; Touahri, … - Centre d'Études et de Recherche en Gestion (CERGAM), … - 2006
- vidual responsibility. However, the intensity of this crowding-out depends on the performance of the State. Moreover, State … intervention could, depending on the amount of crowding-out, reduce the overall quality of the environment. In a general … equilibrium setting, we show that the crowding-out e¤ect is not systematic. This is because there will then be an interaction …