Privatization and entry of a foreign firm with demand uncertainty
We investigate the effects of trade with a foreign firm and privatization of the domestic pubUc firm on an incentive for the domestic firm to reduce costs by undertaking R&D investment, under demand uncertainty. We suppose that the domestic firm is less efficient than the foreign firm. However,...
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| Format: | conferenceObject |
| Language: | eng |
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2014
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| Online Access: | http://hdl.handle.net/10400.22/4389 |
| Country: | Portugal |
| Oai: | oai:recipp.ipp.pt:10400.22/4389 |