This paper contributes to the literature on the effectiveness of R&D incentives by evaluating a unique investment subsidy program implemented in northern Italy. Firms were invited to submit proposals for new projects and only those that scored above a certain threshold received the subsidy. We...

Agricultural public facilities for irrigation and drainage play an important role in Japanese agriculture, especially in paddy production. However, the budget for renovation of old facilities was drastically cut in 2010. For prolonging life time and decreasing lifecycle costs of public...