to investigate how tariff policies affect the competition of multinational firms (MNFs) in a global trading environment …. The MNFs sell substitutable products and compete in two countries where the governments may adopt a welfare … the effects on the MNFs’ profits and social welfare. We find that the MNF will solely serve the domestic market if the …

capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three … of international trade which incorporates the new trade theory as well as aspects of the theory of multinational …

internal debt, a number of developing countries do not. In this paper, we analyze the effect on FDI and host country welfare of … limits facilitates more aggressive transfer pricing and results in lower host country welfare. …