Dr Takahiko Kiso's latest research paper 'A Subsidy That Is Inversely Related to the Product Price' is forthcoming in The Economic Journal, a top economics journal with a worldwide reputation and a broad international readership.
The paper proposes a new subsidy design to support the purchase or production of target products. Under the proposed design, subsidy payments are inversely related to product prices. The paper shows that this policy design can substantially improve the cost-effectiveness of subsidy programmes. The paper can be found here.