Industrial Policy for National Champions

Title Page, Copyright Page

Industrial Policy for National Champions CESifo Seminar Series edited by Hans-Werner Sinn Japan’s Great Stagnation: Financial and Monetary Policy Lessons for Advanced Economies , Michael M. Hutchison and Frank Westermann, editors Tax Policy and Labor Market Performance, Jonas Agell and Peter Birch Sørensen, editors Privatization Experiences in the European Union, Marko Köthenbürger, HansWerner Sinn, and John Whalley, editors Recent Developments in Antitrust: Theory and Evidence, Jay Pil Choi, editor Schools and the Equal Opportunity Problem, Ludger Woessmann and Paul E. Peterson, editors Economics and Psychology: A Promising New Field, Bruno S. Frey and Alois Stutzer, editors Institutions and Norms in Economic Development, Mark Gradstein and Kai A. Konrad, editors Pension Strategies in Europe and the United States, Robert Fenge, Georges de Ménil, and Pierre Pestieau, editors Foreign Direct Investment and the Multinational Enterprise, Steven Brakman and Harry Garretsen, editors Sustainability of Public Debt, Reinhard Neck and Jan-Egbert Sturm, editors The Design of Climate Policy, Roger Guesnerie and Henry Tulkens, editors Poverty, Inequality, and Policy in Latin America, Stephan Klasen and Felicitas Nowak-Lehmann, editors Guns and Butter: The Economic Laws and Consequences of Conflict, Gregory D. Hess, editor Institutional Microeconomics of Development, Timothy Besley and Rajshri Jayaraman , editors Dimensions of Competitiveness, Paul DeGrauwe, editor Reforming Rules and Regulations, Vivek Ghosal, editor Fertility and Public Policy, Noriyuki Takayama and Martin Werding, editors Perspectives on the Performance of the Continental Economies, Edmund S. Phelps and Hans-Werner Sinn, editors Industrial Policy for National Champions, Oliver Falck, Christian Gollier, and Ludger Woessmann, editors See http://mitpress.mit.edu for a complete list of titles in this series. Industrial Policy for National Champions edited by Oliver Falck, Christian Gollier, and Ludger Woessmann The MIT Press Cambridge, Massachusetts London, England © 2011 Massachusetts Institute of Technology All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher. For information about special quantity discounts, please email special_sales@mitpress. mit.edu This book was set in Palatino by Toppan Best-set Premedia Limited. Printed and bound in the United States of America. Library of Congress Cataloging-in-Publication Data Industrial policy for national champions / edited by Oliver Falck, Christian Gollier, and Ludger Woessmann. p. cm. — (CESifo seminar series) Includes bibliographical references and index. ISBN 978-0-262-01601-8 (hardcover : alk. paper) 1. Industrial policy—European Union countries. 2. Europe—Economic integration. 3. Business and politics—European Union countries. 4. Competition, Unfair— Europe. I. Falck, Oliver. II. Gollier, Christian. III. Woessmann, Ludger. HD3616.E83I54 2011 338.94—dc22 2011001831 10 9 8 7 6 5 4 3 2 1 ...