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Multilateral Agreement On Investments (MAI) - A Critical Assessment From an Industrial Economics Point of View

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  • Andreas Polk

Abstract

Though the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is relevant for market structure and competition. Then I develop the industrial economics approach, which serves as a basis for criticism. I conclude that a multilateral agreement on investment should (i) recognize competition concerns, (ii) give a suitable de.nition of investment, and (iii) should help to establish competition authorities in less developed countries.

Suggested Citation

  • Andreas Polk, 2002. "Multilateral Agreement On Investments (MAI) - A Critical Assessment From an Industrial Economics Point of View," SOI - Working Papers 0201, Socioeconomic Institute - University of Zurich, revised Feb 2002.
  • Handle: RePEc:soz:wpaper:0201
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    File URL: http://www.econ.uzh.ch/static/wp_soi/wp0201.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Stefan Buehler & Justus Haucap, 2003. "Mobile Number Portability," SOI - Working Papers 0303, Socioeconomic Institute - University of Zurich, revised Jul 2003.
    2. Stefan Buehler & Armin Schmutzler, 2003. "Asymmetric Vertical Integration," SOI - Working Papers 0306, Socioeconomic Institute - University of Zurich, revised Nov 2004.
    3. Buehler, Stefan & Haucap, Justus, 2006. "Strategic outsourcing revisited," Journal of Economic Behavior & Organization, Elsevier, vol. 61(3), pages 325-338, November.
    4. Hans Gersbach & Armin Schmutzler, 2004. "Globalization and General Worker Training," SOI - Working Papers 0403, Socioeconomic Institute - University of Zurich.
    5. Stefan Buehler & Justus Haucap, 2004. "Mobile Number Portability," Journal of Industry, Competition and Trade, Springer, vol. 4(3), pages 223-238, September.
    6. Dennis L. Gärtner, 2010. "Monopolistic screening under learning by doing," RAND Journal of Economics, RAND Corporation, pages 574-597.
    7. Kevin E. Staub & Rainer Winkelmann, 2013. "Consistent Estimation Of Zero‐Inflated Count Models," Health Economics, John Wiley & Sons, Ltd., vol. 22(6), pages 673-686, June.
    8. Michael Breuer, 2003. "Multiple Losses, Ex-Ante Moral Hazard, and the Non-Optimality of the Standard Insurance Contract," SOI - Working Papers 0302, Socioeconomic Institute - University of Zurich, revised Apr 2003.
    9. Polk, Andreas & Schmutzler, Armin, 2005. "Lobbying against environmental regulation vs. lobbying for loopholes," European Journal of Political Economy, Elsevier, vol. 21(4), pages 915-931, December.
    10. Michael Breuer, 2004. "Deductible or Co-Insurance: Which is the Better Insurance Contract under Adverse Selection?," SOI - Working Papers 0401, Socioeconomic Institute - University of Zurich, revised Oct 2004.
    11. Buehler Stefan & Schmutzler Armin, 2005. "Asymmetric Vertical Integration," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 5(1), pages 1-27, January.

    More about this item

    Keywords

    multilateral agreement on investment; multinational enterprizes; competition policy; regional competition; foreign direct investment;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation

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