| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1637 |
| DP1637 The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs | |
| Carmela Martín; Francisco J Velazquez | |
| 发表日期 | 1997-06-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper studies the factors determining plant size and interplant output allocation within the boundaries of a multiplant firm under conditions of demand uncertainty. It shows that asymmetric information between headquarters and individual plants is one factor determining plant size and output allocation: since the existence of excess capacity creates ?high powered? incentives for individual plants, capacity levels in a second-best setting exceed the corresponding benchmark in a first-best world if capacity prices are low. The presence of ?agency costs? in the case of fully-utilized capacity reverses this result for high-capacity prices. Also, in a recession output is not necessarily assigned to the plant with the lowest production costs. |
| 主题 | Industrial Organization |
| 关键词 | Asymmetric information Excess capacity Multiplant firm |
| URL | https://cepr.org/publications/dp1637 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530803 |
| 推荐引用方式 GB/T 7714 | Carmela Martín,Francisco J Velazquez. DP1637 The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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