eprintid: 49734 rev_number: 7 eprint_status: archive userid: 1482 importid: 105 dir: disk0/00/04/97/34 datestamp: 2024-09-30 07:08:05 lastmod: 2024-09-30 07:20:07 status_changed: 2024-09-30 07:08:05 type: article metadata_visibility: show creators_name: Tirole, Jean creators_idrefppn: 028736036 creators_halaffid: 1002422 title: Competition and industrial policy in the 21st century ispublished: pub subjects: subjects_ECO abstract: 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. date: 2024-07 date_type: published publisher: Oxford University Press id_number: 10.1093/ooec/odad080 official_url: http://tse-fr.eu/pub/129793 faculty: tse divisions: tse keywords: regulation keywords: divestiture keywords: antitrust keywords: industrial policy keywords: contestability keywords: mergers keywords: data language: en has_fulltext: FALSE doi: 10.1093/ooec/odad080 view_date_year: 2024 full_text_status: none publication: Oxford Open Economics volume: vol.3 number: supp.1 place_of_pub: Oxford pagerange: i983–i1001-i983–i1001 refereed: TRUE issn: 2752-5074 oai_identifier: oai:tse-fr.eu:129793 harvester_local_overwrite: number harvester_local_overwrite: volume harvester_local_overwrite: issn harvester_local_overwrite: pending harvester_local_overwrite: creators_idrefppn harvester_local_overwrite: creators_halaffid harvester_local_overwrite: publisher harvester_local_overwrite: place_of_pub oai_lastmod: 2024-09-26T13:28:12Z oai_set: tse site: ut1 hal_id: hal-04713867 hal_passwd: qssev1wq hal_version: 1 hal_url: https://hal.science/hal-04713867 citation: Tirole, Jean (2024) Competition and industrial policy in the 21st century. Oxford Open Economics, vol.3 (supp.1). i983–i1001-i983–i1001.