International Trade in Oil, Gas and Carbon Emission Rights: An Intertemporal General Equilibrium Model

1994 ◽  
Vol 15 (1) ◽  
Author(s):  
Alan S. Manne ◽  
Thomas F. Rutherford
Keyword(s):  
International Trade ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Carbon Emission ◽  
General Equilibrium Model ◽  
Emission Rights ◽  
Oil Gas

scholarly journals The Boundaries of Multinational Enterprises and the Theory of International Trade

1995 ◽  
Vol 9 (2) ◽  
pp. 169-189 ◽  
Author(s):  
James R Markusen
Keyword(s):  
International Trade ◽  
General Equilibrium ◽  
Empirical Evidence ◽  
Equilibrium Model ◽  
Multinational Enterprises ◽  
Multinational Firms ◽  
Final Section ◽  
General Equilibrium Model ◽  
Knowledge Capital ◽  
Multinational Production

This paper begins with a review of empirical evidence on multinational firms. Conceptual underpinnings of a theory are developed, relying in particular on the notion of knowledge capital as a mobile, joint input into geographically separated production facilities. This idea is embedded in a simple two-country general equilibrium model that supports multinational production in equilibrium under conditions consistent with the empirical evidence. The final section examines internalization and shows why certain properties of knowledge capital also imply a preference for transferring technologies internally within the firm, rather than through arm's-length markets.

Sign in / Sign up

Export Citation Format

Share Document