Public policy programs toward the dual-market problem

The remainder of this paper is structured as follows. Section 2 presents a characterization of state-and federal-level public policies toward the dual-market problem. Section 3 describes the Fund, its operation and available data about it. Section 4 develops the applied economics model used to evaluate the net social benefits attributable to the Fund. Section 5 presents the empirical implementation of this model. Finally, Section 6 concludes the paper with summary remarks and comments about the generalizability of the findings.