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We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, produce intermediate inputs, and assemble the intermediate goods into final products. Both...
Persistent link: https://www.econbiz.de/10012468505
We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which producers need specialized components. Potential suppliers must make a relationship-specific investment in order to serve each prospective customer. Such investments are governed by...
Persistent link: https://www.econbiz.de/10012469406
We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium. the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...
Persistent link: https://www.econbiz.de/10012474821
This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them
Persistent link: https://www.econbiz.de/10012459605
investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to … are organizational features, such as sourcing strategies. But the theory has gone beyond the individual firm, studying the …
Persistent link: https://www.econbiz.de/10012466577
welfare implications. We also allow for lobbying by workers with sector- specific skills and show how the conflicting …
Persistent link: https://www.econbiz.de/10012474031
The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...
Persistent link: https://www.econbiz.de/10012475906
We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a...
Persistent link: https://www.econbiz.de/10012461108
We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems … policies generated are not intermediate between policies that would result from pure lobbying or from pure legislative … contributions are very small, despite the fact that lobbying has a marked effect on policies …
Persistent link: https://www.econbiz.de/10012472221
We study the competition between two political parties for seats in a parliament. The parliament will set two types of policies: ideological and non-ideological. The parties have fixed positions on the ideological issues, but choose their non-ideological platforms to attract voters and campaign...
Persistent link: https://www.econbiz.de/10012474030