Abstract The digital (or 4th industrial) revolution has made industrialisation harder by being less consequential for structural transformation than was initially hoped. rise of platform capitalism and its relation to global value chains (GVCs) is responsible this. This paper explains why diminished expectations the industrial are justified how this due platforms as intellectual monopolies that...

Abstract We participate in the lasting debate about persistence of monopolies under technological change, by examining two deterministic games modelling innovation auctions. highlight some novel aspects within such debate. If product is at stake, joint effect diseconomies scope and differentiation may allow entrant to acquire give rise a duopoly. Process analysed model with increasing marginal ...

Using new crosscountry data on industry-specific product market regulations, this paper investigates the relationship between wage premia and some of the policy determinants of product market rents. Hourly wage premia in 2-digit manufacturing and non-manufacturing industries are estimated from detailed data on wage earnings in (or around) 1996 by category of worker (age, sex, education and type...

This paper projects the consequences of modifying or eliminating the current national alcohol retail monopolies in Sweden, Norway and Finland as a possible result of those countries' membership in the European Union (EU). First, the authors project absolute alcohol consumption in each country based on different possible changes in alcohol price and availability. Then they predict the future lev...