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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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Publisher copy:
10.1111/1468-0297.00534

Authors


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Institution:
University of Oxford
Research group:
Industrial Economics
Oxford college:
Merton College
Department:
Social Sciences Division - Economics
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Institution:
University College Dublin
Economic and Social Research Council More from this funder
Publisher:
Blackwell Publishing Publisher's website
Journal:
The Economic Journal Journal website
Volume:
110
Issue:
463
Pages:
484-508
Publication date:
2000-04-05
DOI:
EISSN:
1468-0297
ISSN:
0013-0133
URN:
uuid:833ed979-cdbc-4505-bb07-4a38b32de09e
Local pid:
ora:2133
Language:
English
Subjects:

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