This paper first of all develops a Cournot oligopolistic model with heterogeneous firms to examine each firm's choice between export-oriented foreign direct investments (FDI) and FDI to serve the host-country market. It is shown that there exist a critical level of efficiency such that all firms...

We study a duopoly model of trade and its trade policy. The two country trade model to be discussed is the following. There are three goods (0,1 and 2). Good 0 is produced by perfectly competitive firms, and the good 1 and the good 2 are imperfect substitutes, each produced by a home and a...

In [6], Long and Katayama presented a model of exploitation of a common property resource, when agents can also invest in private and productive capital. They considered the case where the resource extracted from a common pool is non-renewable. In this paper, we try to extend their result to the...

Sustainability of the average level of consumption in resource economies is examined under price uncertainty. The resource type is either purely exhaustible or renewable. Planners in the resource economies have precise knowledge of the present market price of the extracted resource. But its...

By using the data obtained from a questionnaire survey to the Japanese firms in China this paper empirically examines the effects of the IPRs protection against local illegal imitation. No evidence has been found in the test that the patent and trademark registration, which constitutes a part of...