@misc{,
    author = {Morasch, Karl},
    title = {Entering a foreign market: Exports, FDI or strategic alliance?},
    editor = {},
    booktitle = {},
    series = {Volkswirtschaftliche Diskussionsbeiträge},
    journal = {},
    address = {Neubiberg},
    publisher = {Universität der Bundeswehr München, Fachgruppe für Volkswirtschaftslehre},
    edition = {},
    year = {2018},
    isbn = {},
    volume = {30,5},
    number =  {},
    pages = {},
    url = {https://ideas.repec.org/p/zbw/ubwwpe/20185.html},
    doi = {},
    keywords = {Entry strategies ; Trade ; FDI ; Alliances ; Oligopoly},
    abstract = {The decision over exports vs. foreign direct investment (FDI) is usually discussed in an extension of the so-called Melitz model where firms with heterogeneous costs compete in a monopolistically competitive industry. The present paper starts from a situation where a potential foreign entrant would be just indifferent between exports and FDI in such a setting. However, by assuming oligopolistic interaction, strategic considerations are also taken into account. It is shown how the strategic impact of lower marginal cost makes FDI more attractive in a Cournot setting while exports are preferable under price competition in a market with differentiated goods. Beyond that it is also explored how a strategic alliance with a local incumbent could be a superior alternative for market entry.},
    note = {},
    institution = {Universität der Bundeswehr München, Fakultät für Wirtschafts- und Organisationswissenschaften, WOW 5 - Institut für Ökonomie und Recht der globalen Wirtschaft, Professur: Morasch, Karl},
    
    
}