Incertitude sur le change et multinationalisation en concurrence imparfaite
Abstract[fre] Incertitude sur le change et multinationalisation en concurrence imparfaite. . Face à l'incertitude sur le change, nous montrons que la multinationalisation peut être motivée par la recherche d'avantages stratégiques associés à la plus grande flexibilité de production dont bénéficie une firme multinationale par rapport à un concurrent domestique déjà installé sur le marché. Le rôle stratégique de l'investissement direct à l'étranger est mis en évidence en tenant compte de la nature séquentielle de cette décision, ce qui suppose une définition de la flexibilité en termes d'ensemble d'actes. [eng] Exchange rate uncertainty and multinationalization in an imperfect framework. . This paper shows how, in a duopoly framework, uncertainty may provide an incentive for multinational production. Given its sequential nature, foreign direct investment can play a strategic role because, by establishing plants in more than one country, it enables the firm to relocate production once these costs are known. Owing to the asymmetry between a multinational enterprise and a single nation firm, production flexibility affects the outcomes of the competition between these firms.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Programme National Persée in its journal Revue économique.
Volume (Year): 52 (2001)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.persee.fr/web/revues/home/prescript/revue/reco
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.