We analyze the direct investment versus export decision of a multinational firm in competition with a potential entrant in a host country. We consider a workers' skills asymmetry between the host and the multinational home countries. We also give the multinational the possibility to train all...

The paper analyses the incentive to train of a multinational which decides to invest in a host country when a poaching threat exists from a potential local entrant. We give the multinational the possibility to choose the number of trained workers and model the proportion of the poached workers...

We propose an analysis of international competion where a limited number of countries decide to cooperate on exchanges of an homogeneous good. We explain the reasons why such an agreement can be sustainable only if the cartel set up an importation tarif. However, the cartellisation, even with...