| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3975 |
| DP3975 Precautionary Bidding in Auctions | |
| Lucy White; Péter Esö | |
| 发表日期 | 2003-07-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We study how the labour market and industry uncertainty affect the investment decisions of multinational enterprises (MNEs). In an uncertain business climate, MNEs must take account of the future in deciding where to locate a branch plant. When wages are endogenously determined, both the opportunity cost of labour and redundancy payments influence the MNE?s decision. When countries compete for foreign investment, different national characteristics determine the winners in different industries. Differences in risk may draw MNEs to different locations. Firm-specific bargaining always offers an advantage, as the mix of current and future pay fully reflects the firm?s risk profile. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Multinational firms Investment subsidies Entry Exit Uncertainty |
| URL | https://cepr.org/publications/dp3975 |
| 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/532954 |
| 推荐引用方式 GB/T 7714 | Lucy White,Péter Esö. DP3975 Precautionary Bidding in Auctions. 2003. |
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