Revisiting Oligopolistic Reaction : Are FDI Decisions Strategic Complements?.

Kinckerbocker (1973) introduced "oligopolistic reaction" to explain why firms follow rivals into foreign markets. We develop a model that incorporates the central features of Kinckerbocker's story -oligopoly, uncertainty, and risk aversion- to establish the conditions required to generate follow-the-leader behaviour.

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Year of publication:	2000
Authors:	Head, K. ; Mayer, T. ; Ries, J.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	COMPETITION \| OLIGOPOLIES \| RISK

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	F23 - Multinational Firms; International Business ; R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776548