Arbeitspapier
Foreign market entry under incomplete contracts
I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower compared to a world without contractual frictions. Incomplete contracts also provide a novel explanation for why horizontal multinational activity may increase when trade costs fall - a result that is at odds with the proximity-concentration trade-off.
- Sprache
-
Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 3248
- Klassifikation
-
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Economic Integration
Multinational Firms; International Business
- Thema
-
multinational firms
exports
incomplete contracts
Internationale Markteintrittsstrategie
Multinationales Unternehmen
Export
Unvollständiger Vertrag
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Seidel, Tobias
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Seidel, Tobias
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2010