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| Author: | Malerba, F. |
| Title: | Competition and industrial policies in a 'history friendly' model of the evolution of the computer industry |
| Journal: | International Journal of Industrial Organization
2001 : APR, VOL. 19:5, p. 635-664 |
| Index terms: | COMPETITION INDUSTRIAL DYNAMICS INDUSTRIAL ORGANIZATION COMPUTER INDUSTRY COMPUTERS |
| Language: | eng |
| Abstract: | The authors explore some problems that industrial policy faces in industries characterized by dynamic increasing returns on the basis of a 'history friendly model' of the evolution of the computer industry. How does policy affect industry structure over the course of industry evolution? Do policy interventions have indirect consequences on different markets at different times? The authors focus on two sets of policies: antitrust and interventions aiming at supporting the entry of new forms in the industry. The results of the authors' simulations show that, if strong dynamic increasing returns are operative, both through technological capabilities and through customer tendency to stick with a brand, there is little that antitrust and entry policy could have done to avert the rise of a dominant firm in mainframes. |
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