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Title: |
International Shareholdings and Strategic Export Policy |
| Author: |
Miyagiwa, Kaz |
| Author
Affiliation: |
U WA |
| Source: |
International Economic Journal, Autumn 1992, v. 6, no. 3, pp. 37-42 |
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Publication Date: |
Autumn 1992 |
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Abstract: |
If either (1)
domestic residents hold shares of the foreign firm or (2) foreigners
hold shares of the domestic firm, an export subsidy can reduce rather
than increase national welfare within the J. Brander-B. Spencer model.
Two sufficient conditions for such a case are presented. Also discussed
are the optimal export policies in the presence of
international cross shareholdings. |
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