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dc.contributor.authorAubert, Cécileen_US
dc.contributor.authorFalck, Oliveren_US
dc.contributor.authorHeblich, Stephanen_US
dc.date.accessioned2008-09-10en_US
dc.date.accessioned2009-07-28T08:31:43Z-
dc.date.available2009-07-28T08:31:43Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26425-
dc.description.abstractA national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their early stages or to protect mature firms from competition to appropriate these externalities. However, non-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities at the mature stage of the lifecycle. These externalities may be transitory or at the expense of foreign country consumers.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2380en_US
dc.subject.jelL52en_US
dc.subject.jelO25en_US
dc.subject.jelO33en_US
dc.subject.jelP11en_US
dc.subject.ddc330en_US
dc.subject.keywordNational championsen_US
dc.subject.keywordindustrial policyen_US
dc.subject.keywordindustry lifecycleen_US
dc.subject.keywordexternalitiesen_US
dc.subject.stwIndustriepolitiken_US
dc.subject.stwGroßunternehmenen_US
dc.subject.stwSubventionen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwInnovationen_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwExterner Effekten_US
dc.subject.stwTheorieen_US
dc.subject.stwEU-Staatenen_US
dc.titleSubsidizing national champions: an evolutionary perspectiveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn577317601en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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