Strategic trade and industrial policy towards dynamic oligopolies

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dc.contributor.author Neary, J. Peter
dc.contributor.author Leahy, Dermot
dc.date.accessioned 2011-07-25T14:06:55Z
dc.date.available 2011-07-25T14:06:55Z
dc.date.issued 1998-07-21
dc.identifier.uri http://hdl.handle.net/10197/3043
dc.description.abstract We characterize 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 "fat cats and top dogs" taxonomy of business strategies. Without government commitment, there is an additional basis for intervention, whose sign depends on the stategic substitutability between future policy and current actions. We consider a variety of applications (to R&D spillovers, consumer switching costs, etc.) and extensions to second-best, revenue-constrained and entry-promotion policies. en
dc.description.sponsorship Not applicable en
dc.format.extent 7488933 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP98/14 en
dc.subject Learning by doing en
dc.subject R&D subsidies en
dc.subject Strategic trade policy en
dc.subject Export subsidies en
dc.subject Commitment en
dc.subject Dynamic consistency en
dc.subject.classification F12 en
dc.subject.classification L13 en
dc.subject.lcsh Commercial policy en
dc.subject.lcsh Industrial policy en
dc.subject.lcsh International trade en
dc.subject.lcsh Oligopolies en
dc.title Strategic trade and industrial policy towards dynamic oligopolies en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.status Not peer reviewed en
dc.neeo.contributor Neary|J. Peter|aut|UCD0042 en
dc.neeo.contributor Leahy|Dermot|aut| en


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