haku: @author Graham, E. G. / yhteensä: 1
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| Tekijä: | Graham, E. G. |
| Otsikko: | Market structure and the multinational enterprise: A game-theoretic approach. |
| Lehti: | Journal of International Business Studies
1998 : VOL. 29:1, p. 67-83 |
| Asiasana: | MARKET STRUCTURE MULTINATIONAL COMPANIES GAME THEORY OLIGOPOLY |
| Kieli: | eng |
| Tiivistelmä: | Since last 1950s it is recognized that multinational enterprises operate in imperfect markets characterized by oligopoly. The dominant 'transactions-cost' theory of multinational enterprises does not wholly account for why this is so. The reductio ad absurdum of this theory would predict imperfect market to be sure, but they would be monopolistic rather than oligopolistic. In this article a simple model based on noncooperative game theory shows, how oligopolistic markets can evolve from monopolistic ones. It is also shown that it is neither necessary nor sufficient that a firm have lower costs than its rivals in order to have an incentive to become multinational. evolve from monopolistic ones. |
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