Dadasov, Ramin; Lorz, Oliver - FIW - 2011
political power to expropriate productive assets. In a joint venture, the domestic asset owner bears the risk of expropriation … institutional framework in the host country, the elite influences the risk of expropriation. We determine the equilibrium risk of … expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization …