While empirical evidence shows considerable innovative activities by the Southern firms, these activities have been ignored in determining the relationship between Southern patent regime and foreign direct investment (FDI) by the Northern firms. We show that whether a stronger Southern patent...

Recent evidence shows that developing countries and transition economies are increasingly privatizing their public firms and at the same time experiencing rapid growth of inward foreign direct investment (FDI). We show that there is a two-way causality between privatization and greenfield FDI....

This discussion paper led to a publication in the <A href="http://www.sciencedirect.com/science/article/pii/S0167718710000913">'International Journal of Industrial Organization'</A>, 29(2), 232-41.<P>Taking technological differences between firms as given, we show that the technologically advanced firm has a stronger incentive for technology licensing under a decentralized...</p></a>

We consider a situation where the relatively ‘poor’ are concerned about their relative income status with respect to a relevant reference group. Such a concern is explicitly introduced in a utility function to study the consumption behavior of the poor. We point towards a possible conflict...