Multinational Firms in International Trade
Lucas Johannes Winter
Broschiertes Buch

Multinational Firms in International Trade

A general equilibrium approach and strategic implications

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Models of international trade are enriched by including multinational firms. Factors associated with multinational activity like trade cost, marginal cost, fixed cost, complementarities and scale effects are investigated in monopolistically competitive two- and three-country- models of general equilibria. Different frameworks and cost structures lead to several implications for the integration of firms, which can be linked to a business administration approach and analysis of the firm's strategic management. The high accuracy of numerical models of multinational firms in a general equilibrium ...