Strategic trade policy and the home bias in firm ownership structure

Huck, Steffen and Konrad, Kai A. (2003): Strategic trade policy and the home bias in firm ownership structure. In: Japan and the World Economy, Vol. 15, No. 3: pp. 299-305

Abstract

In this note we consider the preferences of a profit maximising firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer national ownership and show that full indigenisation occurs in the equilibrium. © 2003 Elsevier Science B.V. All rights reserved.

• Item Type: Journal article
• Form of publication: Publisher's Version
• Faculties: Economics > Chairs > MPI for Tax Law and Public Finance
• Subjects: 300 Social sciences > 330 Economics
• ISSN: 0922-1425
• Language: English