Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/191599 
Autor:innen: 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
Volkswirtschaftliche Diskussionsbeiträge No. 2018,5
Verlag: 
Universität der Bundeswehr München, Fachgruppe für Volkswirtschaftslehre, Neubiberg
Zusammenfassung: 
The decision over exports vs. foreign direct investment (FDI) is usually discussed in an extension of the so-called Melitz model where firms with heterogeneous costs compete in a monopolistically competitive industry. The present paper starts from a situation where a potential foreign entrant would be just indifferent between exports and FDI in such a setting. However, by assuming oligopolistic interaction, strategic considerations are also taken into account. It is shown how the strategic impact of lower marginal cost makes FDI more attractive in a Cournot setting while exports are preferable under price competition in a market with differentiated goods. Beyond that it is also explored how a strategic alliance with a local incumbent could be a superior alternative for market entry.
Schlagwörter: 
Entry strategies
Trade
FDI
Alliances
Oligopoly
JEL: 
D43
L11
L41
Dokumentart: 
Working Paper

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