Meunier, Guy; Ponssard, Jean-Pierre; Ruiz-Aliseda, Francisco - Alimentation et Sciences Sociales (ALISS), Département … - 2015
In industries with large sunk costs, the investment strategy of firms depends on the regulatory context. We consider ex-ante industrial policies in which the sunk cost may be either taxed or subsidized, and antitrust policies which could either be pro-competitive (leading to divestiture in case...