We examine the preferences of a foreign firm and a local government over two modes of foreign direct investment: de novo entry and acquisition of the domestic incumbent. Two crucial features of the model are network externalities and partial incompatibility between the domestic and the foreign...

This paper examines the preferences of a foreign firm and a welfare maximizing host country government over two modes of foreign direct investment (FDI): de novo entry by the foreign firm and acquisition of the domestic incumbent. Two crucial features of the model are the presence of network...

This book makes an analytical study of implications of the new set of non-tariff barriers that are forthcoming on the exports of the developing countries in the disguise of quality regulations and environmental standards. It argues that in the present era of globalization, with technological...