Tourism Economics
Infant Industry Theory promotes an economic policy that protects young industries in less created economies till they turn out to be established, financially stronger, and capable of withstanding competitive pressures. It investigates a number of empirical subjects in industrial organisation and competitors policy, building on the theoretical insights supplied by Industrial Economics I. Subjects include things like collusion, predatory behaviour, value discrimination, bundling, item differentiation, vertical restraints, mergers and merger simulation, entry and industrial concentration and effectiveness of competition policy.
In very exceptional situations, students may perhaps take this course without the need of EC400 provided they meet the needed needs and have received approval from the course conveners (through a face to face meeting), the MSc Economics Programme Director and their own Programme Director.
Years later, in the late 19th and early 20th centuries, the U.S. steel business was granted protection from international competitors via tariffs and quotas that …
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