This paper examines the optimum technology-pricing policy of a country that exports the superior technology to another country in which it has foreign investment. It demonstrates that, contrary to popular belief, full exploitation of technology market need not be the optimum strategy even if it...

This paper examines the firm's optimal wage and layoff policies in situations where only general training is provided and the firm providing training has an advantage in information over other firms. The asymmetric information among firms creates adverse selection that seriously impairs the...

In the traditional models of strategic trade policy pioneered by Brander and Spencer, exports of the domestic firm, engaged in a Cournot-Nash competition with the foreign firm in a neutral market, must be subsidized to maximize national welfare. We demonstrate that when the firms play the...