Leahy, Dermot; Montagna, Catia - C.E.P.R. Discussion Papers - 1999
This paper investigates the effects of different degrees of wage setting centralisation on (1) the incentive of a MNE to locate in a host country, (2) the optimal level of investment it decides to commit to its foreign operation, and (3) the host country's welfare. Decentralised and centralised...