This paper examines the impact of exchange rate uncertainty on the timing of foreign direct investment (FDI) with heterogeneous investing motives. We first extend DixitPindyck’s real options model to show that while an increase in exchange rate volatility tends to delay the FDI activity of a market-seeking firm, it might accelerate the FDI activity of an export-substituting firm if the firm’s d...

The paper documents ongoing job creation and job destruction within 3digit Irish manufacturing sectors over the period 1973 to 1994. Within sectors of low-technology manufacturing, this was due to the gradual development of historical export product lines and gradual decline in historical domestic oriented production. In contrast, the structural change in jobs within sectors of hightechnology m...

This paper examines interbrand competition between a domestic and a foreign manufacturer who market their products through intermediaries. The contracts manufacturers o¤er these intermediaries are endogenous. In equilibrium contracts may specify exclusive territories (ET), depending on the degree of substitutability between products and the level and degree of transparency of trade barriers. Tr...

In a model of sequential patent races, it is examined whether or not introducing a patent law in the home country is beneficial to the firms and the society as a whole given the foreign country already offers patent protection. Before the first patent race starts, the firms and the foreign country share interests. For a given total number of firms, the welfare effect depends on the relative com...

1 Author's Biographical Note: Randall Peerenboom obtained a B.A. in Philosophy, M.A. in Chinese Religion and Ph.D. in Philosophy before obtaining a J.D. from Columbia Law School. He has written more than 60 articles and several books on Chinese law and philosophy. From 1994 to 1998, he practiced law with a major international law firm in Beijing. He currently teaches Chinese law and internation...

1. Introduction 2. Natural Law, the Human Right of Non-Discrimination and Intellectual Property Law (i) Natural Law and Intellectual Property Rights (ii) Human Rights and Intellectual Property Rights (a) International Law (aa) Non-discrimination (bb) Property rights (cc) Authors' moral and material interests (dd) Minimum standard of human rights under customary international law (b) Supranation...