Multinational firms in international trade : a general equilibrium approach and strategic implications
Models of international trade are enriched by including multinational ?rms. Factors associated with multinational activity like trade cost, marginal cost, ?xed cost, complementarities and scale e?ects are investigated in monopolistically competitive two- and three-country-models of general equilibri...
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Zusammenfassung: | Models of international trade are enriched by including multinational ?rms. Factors associated with multinational activity like trade cost, marginal cost, ?xed cost, complementarities and scale e?ects are investigated in monopolistically competitive two- and three-country-models of general equilibria. Di?erent frameworks and cost structures lead to several implications for the integration of ?rms, which can be linked to a business administration approach and analysis of the ?rm's strategic management. The high accuracy of numerical models of multinational ?rms in a general equilibrium approach explain a wide range of multinational ?rms' activities in modern international trade.
Lucas Johannes Winter
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Graz, Univ., Masterarb., 2009 |
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