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Author:Leahy, D.
Neary, J.P.
Title:Strategic trade and industrial policy towards dynamic oligopolies
Journal:Economic Journal
2000 : APR, VOL. 110:463, p. 484-508
Index terms:Industrial policy
Oligopoly
Trade
Language:eng
Abstract:The authors characterise 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.
SCIMA record nr: 211821
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