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Microeconomic Policies in the New Economy

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Author Info
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.

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File URL: http://www.taloustieteellinenyhdistys.fi/images/stories/fep/f2002_2a.pdf
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Publisher Info
Article provided by Finnish Economic Association in its journal Finnish Economic Papers.

Volume (Year): 15 (2002)
Issue (Month): 2 (Autumn)
Pages: 59-75
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Handle: RePEc:fep:journl:v:15:y:2002:i:2:p:59-75

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Web page: http://www.taloustieteellinenyhdistys.fi
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Find related papers by JEL classification:
L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General

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