Asymmetric information about true opportunity cost in trade between a multinational and its foreign affiliate can alleviate the hold-up problem in foreign direct investment. Selling shares in the affiliate to locals is also beneficial because it increase the parent multinational's information...

A market is served by domestic and foreign firms, where the latter incurs a trade cost when delivering to the market. We ask now how trade liberalization -interpreted as a reduction in trade costs- affects the profitability and the welfare effects of a merger between two domestic firms.

This paper analyses the scope for collusive behaviour within the context of an international duopoly supergame in which both firms and monopoly labour unions interact strategically.

We consider repeated interaction among several producers of a homogeneous, divisible good, traded at a common market. Demand is uncertain, and its law is unknown.