TY  - GEN
AB  - This paper investigates firms’ optimal location choices explicitly accounting for the role
of inwards and outwards knowledge spillovers in a dynamic Cournot oligopoly with firms
that are heterogeneous in their ability to carry out cost-reducing R&D. Firms can either locate
in an industrial cluster or in isolation. Technological spillovers are exchanged between
the firms in the cluster. It is shown that a technological leader has an incentive to locate
in isolation only if her advantage exceeds a certain threshold, which is increasing in firms’
discount rate, in industry dispersion, and in the intensity of knowledge spillovers. Scenarios
are identified where although it is optimal for the technological leader to locate in isolation,
from a welfare perspective it would be desirable that she locates in the cluster.
DA  - 2013
DO  - 10.4119/unibi/2915432
KW  - Location Choice
KW  - Knowledge Spillovers
KW  - Technological Leadership
KW  - Markovperfect Equilibrium
LA  - eng
PY  - 2013
SN  - 2196-2723
SP  - 32-
TI  - Strategic Location Choice under Dynamic Oligopolistic Competition and Spillovers
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29154329
Y2  - 2024-11-22T01:56:07
ER  -