Revisiting Oligopolistic Reaction: Are FDI Decisions Strategic Complements.

Knickerbocker (1973) introduced "oligopolistic Reaction" to explain why firms follow rivals into foreign markets. We develop a model that incorporates the central features of Knickerbocker's stroy - oligopoly, uncertainty, and risk aversion - to establish the conditions required to generate follow-the-leader behaviour.

MoreLess

Year of publication:	2001
Authors:	Head, K. ; Mayer, T. ; Ries, J.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	COMPETITION \| OLIGOPOLIES \| RISK

More details

Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	F23 - Multinational Firms; International Business ; R30 - Real Estate Markets, Spatial Production Analysis, and Firm Location. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776558