Why Do Cities Poach from One Another?
A recent big competition in the real estate sector is between cities across the nation trying to win the Amazon HQ2 sweepstakes. Cities have prepared elaborate proposals and offered all kinds of incentives to attract Amazon. This is just the latest example of one city seeking to attract what another city wants, often going to lengths that do not make economic or political sense. Find out what motivates leaders to try to win these bidding wars even when they know the incentives can be unnecessary or excessive.