The Use of Economics in Assessing State Aid Cases
10 Pages Posted: 5 Feb 2020
Date Written: January 12, 2020
This paper discusses the use of economics in assessing some of the important factors of state aid measures. In light of the economic theory and the case law we outline the application of economics for the market economy investor principle (MEIP), and for the assessment of the 'necessity' and 'proportionality' of the aid given. We also discuss the economic interpretation of the concept of a 'well run' undertaking under the 4th Altmark criteria.
Keywords: state aid, market economy investor principle (MEIP), necessity, proportionality, 4th Altmark criterion
JEL Classification: D49, H25, L52, K21
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