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Microeconomic Policies in the New Economy

  • Rune Stenbacka

    ()

    (Swedish School of Economics, Finland)

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    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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    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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    11. Koskela, E. & Stenbacka, R., 2000. "Compensation and Bargaining with Entrepreneurship as the Outside Option," University of Helsinki, Department of Economics 479, Department of Economics.
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    17. James Bessen & Eric Maskin, 2006. "Sequential Innovation, Patents, and Imitation," Economics Working Papers 0025, Institute for Advanced Study, School of Social Science.
    18. Gehrig, Thomas & Stenbacka, Rune, 2002. "Introductory Offers in a Model of Strategic Competition," CEPR Discussion Papers 3189, C.E.P.R. Discussion Papers.
    19. Denicolo, Vincenzo, 1996. "Patent Races and Optimal Patent Breadth and Length," Journal of Industrial Economics, Wiley Blackwell, vol. 44(3), pages 249-65, September.
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    21. Vesa Kanniainen & Rune Stenbacka, 2000. "Endogenous Imitation and Implications for Technology Policy," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(2), pages 360-, June.
    22. Wong, Poh-Kam, 2001. "ICT Production and Diffusion in Asia Digital Dividends or Digital Divide?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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