Learning by Doing, Precommitment and Infant-Industry Protection.
This paper examines the implications for strategic trade policy of different assumptions about precommitment. In a dynamic oligopoly game with learning by doing, the optimal first-period subsidy is lower if firms cannot precommit to future output than if they can; and is lower still if the governmen...
| Автори: | , |
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| Формат: | Working paper |
| Мова: | English |
| Опубліковано: |
CEPR
1994
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