Commercial Policy Towards Multinational Corporations Under Imperfect Information*
作者:
Shabtai Donnenfeld,
期刊:
Review of International Economics
(WILEY Available online 1993)
卷期:
Volume 1,
issue 2
页码: 164-179
ISSN:0965-7576
年代: 1993
DOI:10.1111/j.1467-9396.1993.tb00013.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
AbstractThis paper examines host country government (HCG) commercial policy towards imports resulting from intrafirm trade conducted by a multinational corporation (MNC). the effectiveness of the HCG's commercial policy is impaired by its limited information about the MNC's cost of production. the commercial policy consists of restrictions on intrafirm transactions. We construct and characterize the optimal commercial policy under imperfect information and find that under imperfect information the optimal policy entails a distorted transfer price and a lower level of intrafirm trade relative to the full information case. Welfare implications of commercial policy under imperfect information are also examined.
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