haku: @indexterm International economics / yhteensä: 437
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| Tekijä: | Roy, S. Viaene, J. |
| Otsikko: | On strategic vertical foreign investment |
| Lehti: | Journal of International Economics
1998 : DEC, VOL. 46:2, p. 253-280 |
| Asiasana: | STRATEGY FOREIGN INVESTMENT INTERNATIONAL ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The authors investigate the strategic incentives for vertical foreign direct investment by oligopolistic firms under exchange rate uncertainty. Domestic final good firms meet their input requirements either by investing abroad and producing directly through a subsidiary or by buying from an oligopolistic market abroad. Firms undertaking vertical investment can bid up the input price faced by their rivals through strategic purchase. The authors demonstrate the possibility of vertical foreclosure, multiple equilibria, complementarity and bunching of investment decisions. |
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