Browsing by Author "Raff, Horst"

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Asset ownership and foreign-market entry

Raff, Horst; Ryan, Michael; Stähler, Frank

This paper examines the link between a firm’s owership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive ...
The choice of market entry mode: greenfield Investment, M&A and joint ventures

Raff, Horst; Ryan, Michael; Stähler, Frank

Multinational firms may enter a market by different modes of foreign direct investment (FDI). This paper endogenizes both the mode and the size of FDI. It shows that the credibility of greenfield investment decides on the ...
The effects of trade liberalization on productivity and welfare: The role of firm heterogeneity, R&D and market structure

Raff, Horst; Stähler, Frank; Long, Ngo Van

This paper develops an oligopolistic model of international trade with heterogeneous firms and endogenous R&D to examine how trade liberalization affects firm and industry productivity, as well as social welfare. We identify ...