Payoff interdependence and welfare-improving location diversification

We formulate a duopoly model with international location choice in the presence of global common ownership. We theoretically examine how payoff interdependence caused by overlapping ownership such as common and cross ownership affects location and production choices, and resulting welfare. We find that positive payoff interdependence enhances international location diversification, which may improve global welfare.

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Year of publication:	2024-02-26
Authors:	Liu, Yi ; Matsumura, Toshihiro

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Liu, Yi and Matsumura, Toshihiro (2024): Payoff interdependence and welfare-improving location diversification.
Classification:	F12 - Models of Trade with Imperfect Competition and Scale Economies ; L13 - Oligopoly and Other Imperfect Markets ; R32 - Other Spatial Production and Pricing Analysis
Source:	BASE

Persistent link: https://www.econbiz.de/10015213275