relation: https://publications.ut-capitole.fr/id/eprint/49734/
title: Competition and industrial policy in the 21st century
creator: Tirole, Jean
subject: B- ECONOMIE ET FINANCE
description: Large fixed costs and (direct and indirect) network externalities generate barriers to entry and high markups for winners in the digital industry. The potential for high prices, low innovation and abuses of dominant position as well as the contribution to rising inequality raise the question of how countries should regulate the industry. The tech giants’ dominance does not confront us with an unpalatable choice between laissez-faire and populist interventions. The commentary explains economic stakes, considers desirable adaptations of regulation in the digital age and draws some conclusions for policy reform.
publisher: Oxford University Press
date: 2024-07
type: Article
type: PeerReviewed
identifier:   Tirole, Jean <https://www.idref.fr/028736036>  (2024) Competition and industrial policy in the 21st century.    Oxford Open Economics, vol.3 (supp.1).  i983–i1001-i983–i1001.       
relation: http://tse-fr.eu/pub/129793
relation: 10.1093/ooec/odad080
identifier: 10.1093/ooec/odad080
doi: 10.1093/ooec/odad080
language: en