@techreport{Gorg1998Analysing,
abstract = {This paper formalises the choice a firm has to face when entering a foreign
market via FDI as between setting up an entirely new plant (greenfield
investment) or acquiring an existing indigenous firm. Our results show that
in an asymmetric duopoly situation a new entrant will normally be best off
by acquiring an existing indigenous low-technology firm, thus, forming a
duopoly with an indigenous high-technology firm. While in welfare terms
the entry of the foreign firm damages the country in most cases, there exist
some possibilities that welfare, particularly after a greenfield investment by
the foreign firm, is higher than before entry, even when there is full profit
repatriation.},
address = {Dublin},
author = {Holger G\"{o}rg},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F23; L13; 330; Markteintritt; Direktinvestition; Duopol; Wohlfahrtseffekt; Theorie},
language = {eng},
number = {1998,1},
publisher = {Dep. of Economics, Trinity College, University of Dublin},
title = {Analysing foreign market entry: the choice between greenfield investment and acquisitions},
type = {Trinity Economic Papers Series, Technical Paper / Trinity College},
url = {http://hdl.handle.net/10419/1282},
year = {1998}
}
