political power to expropriate productive assets. In a joint venture, the domestic asset owner bears the risk of expropriation …, whereas in an integrated firm, this risk affects the foreign investor. This effect lowers the incentives for specific … investments in an integrated firm and distorts the decision between joint ventures and integrated production. By setting the …

final goods. This provides a comprehensive theory that explains the dynamics of comparative advantages based on differences …

marginal costs and production technologies. The paper models the incentive to collude in a differentiated products Bertrand …

analyzed within the framework of statistical decision theory, in which prior probability distributions of classes of cases are …

A country's production possibility frontier or PPF is defined as the boundary of its economy's production set in the … net output space for a given technology and fixed quantities of primary factors of production. In general equilibrium … theory, exogenous changes in technology or primary-factor supplies alter equilibrium prices; however, government …