During the global crisis, Foreign Direct Investment (FDI) has withdrawn from developed economies and has substantially increased in emerging and transitional economies. In this scenario, Mexican MNEs have been spreading during the last four years, after starting their internationalization two...

We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition we demonstrate that for a given factor of discount,...

La inversión extranjera directa en los países en desarrollo ha venido creciendo a un ritmo sin precedentes, y la rentabilidad de los negocios de las empresas extranjeras que invierten en regiones pobres, como el África subsahariana, es extraordinariamente alta. No obstante,las empresas...