国家没有区位优势时的外商直接投资竞争【外文翻译】

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1、本科毕业论文(设计)外文翻译外文题目：CompetitionforforeigndirectinvestmentwhencountriesArenotsureofsitevalues出处：InternationalReviewofEconomicsandFinance作者：KorayKiymazandLeonTaylor原文：CompetitionforforeigndirectinvestmentwhencountriesarenotsureofsitevaluesAbstractThefiscaltug-of-warbetweentwocountriestoplayhostt

2、oaforeign-ownedfirmislikeaNashgame.Supposethatthecountriesarenotsurehowmuchthefirmvaluesthesitesthattheyoffertoit.Alsosupposethatthecountriesfashiontheirexpectationofsitevaluebyassigningthesamelikelihoodtoeachvaluethattheydeempossible.Then,iftheyarequiteunsureaboutsitevalues,theywilloffersmal

3、lsubsidiestothefirm.Iftheyareprettysureaboutsitevalues,theywillofferlargesubsidies.Hereistheintuitionbehindtheresults:Whenacountryisunsureaboutthevalueofitssite,itisalsounsureifastingyofferwilldrivethefirmtoitsrival,soitmaytakethechanceandmakeastingyofferratherthanagenerousone.1.IntroductionG

4、overnmentsoftenvieforafootloosefirmbyofferingtaxcutsorsubsidies.Analysesofsuchacontestusuallyassumethatitsparticipantsknowfullwellitscircumstances.Inreality,itsparticipantsusuallyknowlittle.Forinstance,governmentofficialsmustguessathowmuchafirmvaluesasitewhentheyhavenocompetitivebidstoreferto

5、.Thatisusuallythecasewhengovernmentrecruitsindustrybecausethelackoflocallandbuyersiswhatspursthegovernmenttoseekbuyerselsewhere.Thegovernment’sguessaboutthevalueofasitewillaffectitsofferofincentivestoapotentialbuyer.Butifthegovernmentknowslittleaboutthevalueofitsownsite,thenitislikelytoknowli

6、ttleaboutthevalueofasiteelsewherethatthefirmcouldoccupy.Thegovernment’sguessaboutthatothersitewillalsoaffectitsofferofincentives.Howtheseguesseswillaffectitsofferisasubtlequestion,particularlywhenitmustcountertheofferofanothergovernmentthatguesses.Thequestioniscriticaltotheearlystageofasitese

7、arch,whenthefirmdecideswheretogo.Inthisstage,thefirmdisclosesstarkdetailsofitsprojecttoafewgovernmentsandsolicitstheirpreliminarybids.(HoodandYoung,1985,foundthatthisstrategywastypicalinthesearchesofautomotivefirmsforforeignsites.)Amongthegov