Strategic Trade Policy and the Home Bias in Firm Ownership Structure

Steffen Huck and Kai A. Konrad ()

No CESifo Working Paper No. 892, CESifo Working Paper Series from CESifo Group Munich

Abstract: In this note we consider the preferences of a profit maximizing firm for international ownership in a world in which firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms prefer national ownership and show that full indigenisation occurs in the equilibrium.

Keywords: strategic trade; international ownership; Cournot oligopoly; home bias (search for similar items in EconPapers)
JEL-codes: D43 D44 F12 L11 L13 (search for similar items in EconPapers)
Date: 2003
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Journal Article: Strategic trade policy and the home bias in firm ownership structure (2003)
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