This paper extends the results obtained by Hwang et al. (1997) and Yang (2005) to the case of multi-domestic firms. Either the domestic government's budget constraint may be binding or there exists the social cost which caused by financing the export subsidy, we find that the policy of the...

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This book is about how economics, politics, culture and history together have shaped the environment in which business activities unfold in Russian Federation today, and the tradeoffs and dilemmas the government had to face as well as the newest market problems, in which 30 wholesale markets in...