Learning by Doing, Precommitment and Infant-Industry Promotion

S-Tier
Journal: Review of Economic Studies
Year: 1999
Volume: 66
Issue: 2
Pages: 447-474

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine the implications for strategic trade policy of different assumptions about precommitment in a two-period Cournot oligopoly game with learning by doing. The inability of firms and governments to precommit to future actions encourages strategic behaviour which justifies an optimal first-period export tax relative to the profit-shifting benchmark of an export subsidy. In the linear case the optimal subsidy is increasing in the rate of learning with government precommitment but decreasing in it without, in apparent contradiction to the infant-industry argument. Extensions to active foreign policy, distortionary taxation and Bertrand competition are also considered.

Technical Details

RePEc Handle
repec:oup:restud:v:66:y:1999:i:2:p:447-474.
Journal Field
General
Author Count
2
Added to Database
2026-01-25