Marjit, Sugata; Mukherjee, Arijit; Kabiraj, Tarun - Centre for Economic Research, School of Economics and … - 2001
We consider the possibility of forming a joint venture (JV) between a local firm and a foreign multinational in a situation when there is no current gain from such an arrangement. In the presence of policy uncertainty and threat of entry, a current period formation of JV with the multinational,...