Strategic trade policy and the home bias in firm ownership structure

被引：7

作者：

Huck, S

Konrad, KA

机构：

[1] UCL, Dept Econ & ELSE, London WC1E 6BT, England

[2] WZB, D-10785 Berlin, Germany

[3] Free Univ Berlin, Dept Econ, D-14195 Berlin, Germany

来源：

JAPAN AND THE WORLD ECONOMY | 2003年 / 15卷 / 03期

基金：

英国经济与社会研究理事会;

关键词：

strategic trade; international ownership; Cournot oligopoly; home bias;

D O I：

10.1016/S0922-1425(03)00020-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this note we consider the preferences of a profit maximising firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer national ownership and show that full indigenisation occurs in the equilibrium. (C) 2003 Elsevier Science B.V. All rights reserved.

引用

页码：299 / 305

页数：7

共 13 条

[1] INTERNATIONAL PORTFOLIO CHOICE AND CORPORATION FINANCE - A SYNTHESIS [J].