Dai, Chifeng; Lahiri, Sajal - In: Oxford Economic Papers 64 (2012) 2, pp. 281-301
We analyse the formation of an international joint venture (IJV) between a multinational corporation (MNC) and a domestic firm with double-sided moral hazard. The MNC can imperfectly adapt a superior production technology, and the domestic firm can reduce set-up costs, for the IJV. We examine...