We introduce a general quantifiable framework to study the location decisions of multinational firms. In the model … complementarities among production locations. The firm's location choice problem is combinatorial because the marginal value of an … individual production location depends on its complete set of production sites. We develop a computational method to solve such …

This study estimates the location, composition, and investment implications of permanently reinvested earnings (PRE … firms' PRE designations are motivated by both financial reporting incentives (i.e., tax expense deferral) and investment … significant amount of PRE – 54 percent – is invested in financial assets.Our second set of analyses find that domestic investment …