Journal article
Strategic trade and industrial policy towards dynamic oligopolies
- Abstract:
-
We characterise optimal trade and industrial policy in dynamic oligopolistic markets. If governments can commit to future policies, optimal first-period intervention should diverge from the profit-shifting benchmark to an extent which exactly offsets the strategic behaviour implied by Fudenberg and Tirole's ‘animal spirits’ taxonomy of business strategies. Without government commitment, there is an additional basis for intervention, whose sign depends on the strategic substitutability between...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Funding
Economic and Social Research Council
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Bibliographic Details
- Publisher:
- Blackwell Publishing Publisher's website
- Journal:
- Economic Journal Journal website
- Volume:
- 110
- Issue:
- 463
- Pages:
- 484-508
- Publication date:
- 2000-04-01
- DOI:
- EISSN:
-
1468-0297
- ISSN:
-
0013-0133
Item Description
- Language:
- English
- Subjects:
- UUID:
-
uuid:833ed979-cdbc-4505-bb07-4a38b32de09e
- Local pid:
- ora:2133
- Deposit date:
- 2008-06-27
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Terms of use
- Copyright holder:
- Royal Economic Society
- Copyright date:
- 2000
- Notes:
- The full-text of this article is not currently available in ORA. Citation: Neary, J. P. & Leahy, D. (2000). 'Strategic trade and industrial policy towards dynamic oligopolies', The Economic Journal, 110(463), 484-508. [The definitive version is available at www.blackwell-synergy.com].
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