Arbeitspapier
Export, foreign direct investment, and joint ventures: Learning the rival's costs through propinquity
We examine the role of cost uncertainty in a firm's choice between exporting and foreign investment in oligopolistic industry. We consider both foreign direct investment and an international joint venture, and allow country-specific and firm-specific cost uncertainty. Unlike exporting, either form of foreign investment exposes home and foreign firms to common country-specific cost shocks, implying a better knowledge of each other's country-specific shocks. Further, a joint venture allows the firms to learn each other's firm-specific cost. A firm's plant location decision depends on the interaction of these two effects, which depend on the type of competition and the substitutability of the firm's products.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 691
- Klassifikation
-
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
- Thema
-
Country-specific cost uncertainty
learning
Foreign investment
FDI
Joint ventures
Internationale Geschäftsbeziehungen
Export
Auslandsinvestition
Joint Venture
Strategisches Management
Kostenanalyse
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Creane, Anthony
Miyagiwa, Kaz
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Creane, Anthony
- Miyagiwa, Kaz
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2007
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