Chen, Kun-Ming; Lin, Chia-Ching; Yang, Shu-Fei - In: Research in World Economy 6 (2015) 1, pp. 20-35
This paper develops a game-theoretical model to investigate heterogeneous firms¡¯ entry mode choice of international expansion. The distinct feature of this paper is that exchange rate, R&D competition, and intra-industry firm heterogeneity are incorporated into the theoretical framework. The...