Uncertain Trade Costs and Industrial Localisation : Concentration versus Diversification.

The paper studies how uncertainty about future trade arrangements affecting firms' competitiveness and market access, may influence firms' investment behaviour and choice of location. Our analysis is based on a model of imperfect competition, and we show that risk aversion is not a necessary condition for firms to respond negatively to trade cost uncertainty.

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Year of publication:	1996
Authors:	Midelfart Knarvik, K-H
Institutions:	Norges Handelshøyskole (NHH)
Subject:	RISK \| COMPETITION \| INFORMATION \| UNCERTAINTY \| TRADE

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Series:	Norwegian School of Economics and Business Administration-.
Type of publication:	Book / Working Paper
Notes:	27 pages
Classification:	F1 - Trade ; D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005672013