In this paper, we adopt the vertical differentiation duopoly framework to give a full description of firms' relocation … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than globalization. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that globalization may be unambiguously welfare …

In this paper, we incorporate offshoring of labor-intensive goods in a model with multi-product firms, and explore its … improvements in offshoring opportunities can affect the geographic organization of a firm and its product range. Multi … prospects for offshoring. We identify the cannibalization effect as an important transmission mechanism within multi …

adding more countries to the global trading system tends, in the limit, to weaken them. Thus, as a matter of theory, the …

larger parental pool of knowledge raises the probability of offshoring. This holds in a national as well as an international …

We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and … ; intra-firm trade ; offshoring ; vertical FDI …