haku: @indexterm Equilibrium analysis / yhteensä: 508
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| Tekijä: | Grossman, G.M. Helpman, E. |
| Otsikko: | Outsourcing versus FDI in industry equilibrium |
| Lehti: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 2-3, p. 317-336 |
| Asiasana: | Equilibrium analysis Foreign investment Industries Outsourcing |
| Kieli: | eng |
| Tiivistelmä: | The determinants of the extent of outsourcing and of direct foreign investment are studied in an industry in which producers need specialized components. Relationship-spesific investment must be made by potential suppliers in order to serve each prospective customer. Imperfect contracts have to be made to govern such investments. A final-good producer can manufacture components for itself, but the per-unit cost is higher than for specialized suppliers. The authors consider how the size of the cost differential, the extent of contractual incompleteness, the size of the industry and the relative wage rate affect the organization of industry production. |
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