Corporate governance, competition policy and industrial policy

被引：65
|
作者：
Aghion, P
Dewatripont, M
Rey, P
机构：
[1] FREE UNIV BRUSSELS,ECARE,BRUSSELS,BELGIUM
[2] UNIV TOULOUSE 1,IDEI,F-31042 TOULOUSE,FRANCE
来源：
EUROPEAN ECONOMIC REVIEW | 1997年 / 41卷 / 3-5期
关键词：
innovations; product market competition; agency problems; slack; competition policy; industrial policy;
D O I：
10.1016/S0014-2921(97)00038-X
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper shows that introducing agency considerations into a model of innovations and growth can have radical consequences as to the effects of competition policy and industrial policy on the rate of technological change. Whilst competition policy (resp. industrial policy) has a negative (resp, a positive) effect on growth in a Schumpeterian model with profit-maximising firms, these effects are shown to be both reversed when agency problems within innovating firms become sufficiently important. (C) 1997 Elsevier Science B.V.
引用
收藏
页码：797 / 805
页数：9
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