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Microeconomic Policies in the New Economy

Author

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  • Rune Stenbacka

    (Swedish School of Economics, Finland)

Abstract

This survey emphasizes innovation-intensive competition, strong technological scale economies, switching costs, network effects and complementarity between system components as characteristic features of the core industries in the information economy. With reference to these features the study explores how to design welfare-improving microeconomic policies, in the form of competition policies, technology policies or combinations of these, in the digital economy. In particular, a number of prevalent business practices typical of the digital economy are evaluated from the point of view of a microeconomic policy perspective.

Suggested Citation

  • Rune Stenbacka, 2002. "Microeconomic Policies in the New Economy," Finnish Economic Papers, Finnish Economic Association, vol. 15(2), pages 59-75, Autumn.
    • Handle: RePEc:fep:journl:v:15:y:2002:i:2:p:59-75
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    File URL: http://www.taloustieteellinenyhdistys.fi/images/stories/fep/f2002_2a.pdf
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    References listed on IDEAS

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    3. Kemppainen, Kari, 2003. "Competition and regulation in European retail payment systems," Research Discussion Papers 16/2003, Bank of Finland.

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    More about this item

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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