Experimental Boat and Ship Archaeology: Principles and Methods

The need for experiments to study physical aspects of craft of the past is stated, as well as the necessity for them to have clear aims and to follow the established principles of scientific enquiry. These principles are discussed in this joint paper by ten maritime archaeologists and others, together with methods and some points of management critical to their application in this field.     

Book reviews‐comptes rendus

Peter GARNSEY & Richard SALLER, L'Empire romain. Economie, société, culture, Paris, La Découverte / Textes à l'appui, 1994.

Morris SLAVIN, The Hébertistes to the Guillotine: anatomy of a ‘conspiracy’ in Revolutionary France, Louisiana State University Press, Baton Rouge and London, 1994, xvii + 280 p., ISBN 0–8071–1838–9.

Philippe BURRIN, La France à l'heure allemande, 1940–1944, Paris, Editions du Seuil, 1995.

Emmanuel LE ROY LADURIE, Le siècle des Platter 1499–1628, t.1 “Le mendiant et le professeur”, Paris, Fayard, 1995, 529 p., 170 FF., ISBN 2–213–01444–2.     

REPLY TO SUBSIDIES, ADDITIONALITY AND FINANCIAL CONSTRAINTS

ABSTRACT. In Wren (1994) I find that industrial subsidies have significantly greater employment effects in small firms, and interpret this as arising from the poorer access that these firms have to private funds. Holden and Swales (1996) criticize this interpretation, arguing that financial constraints typically limit the effectiveness of subsidies. In this paper I show that their results arise from the particular properties of the homogeneous production function. More generally, I show that the effectiveness of assistance increases with the marginal cost of private funds and is greater in those firms facing financial constraints. As such, differential access to private funds can explain the greater effectiveness of assistance found in small firms.