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Market Leaders and Industrial Policy

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Author Info

  • Federico Etro

    () (Department of Economics, University of Milan-Bicocca)

Abstract

This article provides an overview of recent progress in the theory of market structure, of the role of market leaders and the scope of industrial policy, presents new results through simple examples of quantity competition, price competition and competition for the market and develops new applications to the theory of competition in presence of network externalities and learning by doing, of strategic debt financing in the optimal financial structure, of bundling as a strategic device, of vertical restraints through interbrand competition, of price discrimination and to the theory of innovation. Finally, it draws policy implications for antitrust issues with particular reference to the approach to abuse of dominance and to the protection of IPRs to promote innovation.

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File URL: http://dipeco.economia.unimib.it/repec/pdf/mibwpaper103.pdf
File Function: First version, 2006
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Bibliographic Info

Paper provided by University of Milano-Bicocca, Department of Economics in its series Working Papers with number 103.

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Length: 52 pages
Date of creation: Nov 2006
Date of revision: Nov 2006
Handle: RePEc:mib:wpaper:103

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Related research

Keywords: Leadership; Free; Competition Policy; Financial Structure; Bundling; Innovation; Strategic Trade Policy;

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References

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  5. Federico Etro, 2007. "Stackelberg competition with endogenous entry," Working Papers 121, University of Milano-Bicocca, Department of Economics, revised 2007.
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  8. Zeira, Joseph, 2002. "Innovations, Patent Races, and Endogenous Growth," Working Paper Series rwp02-047, Harvard University, John F. Kennedy School of Government.
  9. Segerstrom, P.S., 1999. "Intel Economics," Research Institute of Industrial Economics Working Papers 524, Research Institute of Industrial Economics (IFN).
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  10. Vincenzo Denicol� & Piercarlo Zanchettin, 2010. "Competition, Market Selection and Growth," Economic Journal, Royal Economic Society, vol. 120(545), pages 761-785, 06.
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  14. Federico Etro, 2006. "Strategic Export Promotion," Working Papers 101, University of Milano-Bicocca, Department of Economics, revised Oct 2006.
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  23. Dean Showalter, 1999. "Debt as an Entry Deterrent Under Bertrand Price Competition," Canadian Journal of Economics, Canadian Economics Association, vol. 32(4), pages 1069-1081, August.
  24. Federico Etro, 2006. "The Engine of Growth," Working Papers 100, University of Milano-Bicocca, Department of Economics, revised Oct 2006.
  25. Dornbusch, Rudiger, 1987. "Exchange Rates and Prices," American Economic Review, American Economic Association, vol. 77(1), pages 93-106, March.
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  28. Xavier Vives, 2001. "Oligopoly Pricing: Old Ideas and New Tools," MIT Press Books, The MIT Press, edition 1, volume 1, number 026272040x.
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  30. Kresimir Zigic & Viatcheslav Vinogradov & Eugen Kovac, 2006. "Persistence of Monopoly, Innovation, and R-and-D Spillovers: Static versus Dynamic Analysis," Computing in Economics and Finance 2006 516, Society for Computational Economics.
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Citations

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Cited by:
  1. Kovác, Eugen & Vinogradov, Viatcheslav & Zigic, Kresimir, 2010. "Technological leadership and persistence of monopoly under endogenous entry: Static versus dynamic analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 34(8), pages 1421-1441, August.
  2. Federico Etro, 2008. "Stackelberg Competition with Endogenous Entry," Economic Journal, Royal Economic Society, vol. 118(532), pages 1670-1697, October.
  3. Kresimir Zigic, 2008. "Stackelberg Leadership with Product Differentiation and Endogenous Entry: Some Comparative Static and Limiting Results," CERGE-EI Working Papers wp369, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
  4. Zigic, Kresimir & Maçi, Ilir, 2011. "Competition policy and market leaders," Economic Modelling, Elsevier, vol. 28(3), pages 1042-1049, May.
  5. Viatcheslav Vinogradov & Kresimir Zigic & Eugen Kovac, 2010. "Technological Leadership and the Persistence of Monopoly under Endogenous Entry: Static versus Dynamic Analysis," 2010 Meeting Papers 795, Society for Economic Dynamics.
  6. repec:hal:wpaper:halshs-00586709 is not listed on IDEAS

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