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 …

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 …

multinational firms based on the extent to which they face expropriation hazards from their potential joint-venture partners in the … threat of opportunistic expropriation by the government. Partnering with host-country firms that possess a comparative …