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    Time Consistency, Learning by Doing and Infant-Industry Protection: The Linear Case


    Leahy, Dermot (1994) Time Consistency, Learning by Doing and Infant-Industry Protection: The Linear Case. The Economic and Social Review,, 26 (1). pp. 59-68. ISSN 0012-9984

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    Abstract

    This paper examines the implications for strategic trade policy of diiferent assumptions about precommitment in a dynamic oligopoly game with learning by doing. Assuming that demands are linear, we find that the optimal first-period subsidy is increasing in the rate of learning with precommitment but decreasing in i t if the government cannot precommit to future subsidies. The infant-industry argument is thus reversed in the absence of precommitment.

    Item Type: Article
    Keywords: Time Consistency; Learning; Infant-Industry Protection; The Linear Case;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 8477
    Depositing User: Dermot Leahy
    Date Deposited: 18 Jul 2017 15:44
    Journal or Publication Title: The Economic and Social Review,
    Publisher: Tara
    Refereed: Yes
    URI:
    Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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