Econ question: So, big companies now basically auction where they'll open an office, with cities/states/counties bidding via tax breaks. Naively, you'd think they'd eventually equilibrate to where the city nets juuuust over zero. Has this been studied empirically?
Now ask about sports stadiums. I think they've been studied....
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It would be just over zero if politicians were robots. But they’re humans with glaring overconfidence biases (and plausibly corrupt tendencies) leading to fiscally negative impact across the board.
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“Across the board” that seems unlikely, unless you discount value to customers and shareholders. In which case, yeah, nought for government coffers *directly*, but still a better world with the company than without.
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