Behrens, Kristian (contributor); … - 2005
Welfare, home market effects, and horizontal foreign
direct investment
∗
Kristian Behrens
�
Pierre M. Picard
�
August 8 … the �rst-best due to the absence of pro-competitive effects
(Toulemonde, 2004).
The remainder of the paper is organized as … only, or one plant in each of the
two countries. Stated differently, �rms make both an organizational and a
locational …