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The Theory of International Business [electronic resource] : Economic Models and Methods.

Casson, Mark.
2016
HF4999.2-6182
Available Online
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Title
The Theory of International Business [electronic resource] : Economic Models and Methods.
Author
Casson, Mark.
ISBN
9783319322971
3319322974
9783319322964
DOI
https://doi.org/10.1007/978-3-319-32297-1
Published
Cham : Springer International Publishing, 2016.
Language
English
Description
1 online resource (184 pages).
Item Number
10.1007/978-3-319-32297-1 doi
Call Number
HF4999.2-6182
Dewey Decimal Classification
650
Summary
Demonstrating why economic modelling is so important in understanding international business, this stimulating and highly original book sets out a new and exciting research agenda in international business studies. The author explains what economic models are, how they are constructed and the way in which they can be used. It illustrates how models clarify important issues in international business - explaining empirical anomalies, analyzing strategies and evaluating government policies towards multinational firms. There are detailed discussions of monopoly and competition in the global economy; the international division of labour; supply chain coordination; and the strategic implications of sunk costs in R & D. Based on this discussion, the book proposes a radical reformulation of the theory of the firm as applied to international business. Mark Casson is Professor of Economics at the University of Reading, UK, where he researches international business, entrepreneurship and business and economic history. His recent books include The Multinational Enterprise Revisited (with Peter Buckley) and The Entrepreneur in History (with Catherine Casson).
Note
Model 6: Product Development and€Its Location.
Bibliography, etc. Note
BibliographyChapter 2: Introduction to€Modelling Techniques; Key Assumptions; Development of€Hypotheses; Model 1: 'Adam Crusoe'; The Utility Function; The Resource Constraint; Methods of€Solution; Solution of€the€Model Using the€Method of€Substitution; Comparative Statics; Welfare Implications; Diagrammatic Analysis; Diagrammatic Analysis: Demand Curves; Bibliography; Chapter 3: Introduction to€Monopoly; Model 2: Monopolistic Control of€Product 1; Model 2.1 One-Part Tariff; Assumptions; Solution; Consistency of€Demand and€Supply in€the€Product Markets.
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Description based on print version record.
Series
Palgrave pivot.
Available in Other Form
Theory of International Business : Economic Models and Methods.
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Dedication; Preface and Acknowledgements; Contents; List of Figures ; List of Tables ; Chapter 1: The Relationship Between Economics and€International Business Studies; The Role of€Economics in€International Business Studies; The Nature of€Economic Modelling; The Role of€Mathematics in€Modelling; Key Issues€in Modelling; Autonomy and€Stability of€Preferences; Availability of€Information; The Effectiveness of€Individuals in€Taking Decisions; Structure of€the€Book; Increasing the€Number of€Individuals; Segmenting Space; Differentiating Products; Schools of€Thought in€Economics: A€Comment.

Equilibrium Real Wage in€the€Labour Market Worker's Real Budget Constraint; Demand for€Product 1; Demand for€Product 0; Graphical Representation of€the€Demand for€Product 1; Definition of€Profit in€Terms of€the€Margin Between Price and€Unit Cost; Profit Maximisation Subject to€the€Demand Curve Derived Above; Comparison with€Model 1; Model 2.2. Two-Part Tariff; Assumptions; Solution; Labour Market; Product Market; Workers' Budget Constraint; Demand for€Product 1; Maximising Profit to€Determine the€Lump Sum Payment; Comparative Statics; Diagrammatic Solution; Welfare Analysis.

Chapter 4: Introduction to€LocationModel 3: International Trade; Model 3.1: The€Determination of€Price in€a€Global Market When Countries Are Fully Specialised; Assumptions; Solution; Supplies; Budget Constraints; Market Equilibrium Conditions for€the€Global Economy; Demand for€Product 1 in€Each Country; Equilibrium in€Market 1; Comparative Statics; Diagrammatic Analysis; Demand Analysis; Model 3.2: Specialisation in€Trade According to€Comparative Advantage in€Production; Diagrammatic Analysis; Model 4. Monopoly and€Trade; Model 4.1. Uniform Price: No Price Discrimination Between Countries.

Comparative StaticsModel 4.2. International Price Discrimination: Different Prices in€Different Countries; Comparative Statics; Diagrammatic Representation; Discussion; Bibliography; Chapter 5: Division of€Labour and€Modularisation; Introduction; Model 5: Marketing and€Distribution; Model 5.1. Marketing with€No International Transport Costs; Comparative Statics; Diagrammatic Representation; Model 5.2. International Transport Costs; The Nature of€Transport Costs; The Impact of€Transport Costs on€Location; Comparative Statics; Diagrammatic Representation.

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