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Endogenous R&D spillovers and locational choice

journal contribution
posted on 30.05.2006 by Claudio Piga, Joanna Poyago-Theotoky
We present a three-stage game where two firms choose location, R&D and price, under the assumption that R&D spillovers depend on firms’ location. That is, the closer firms are to each other, the greater the benefit they receive from their rivals’ efforts in quality-enhancing R&D. We show that the distance between firms’ location increases with the degree of product differentiation. Further, we find that minimal quality differentiation always occurs. Finally, investment in R&D is positively associated with the degree of product differentiation.

History

School

  • Business and Economics

Department

  • Economics

Pages

136853 bytes

Citation

PIGA, C. and POYAGO-THEOTOKY, J., 2005. Endogenous R&D spillovers and locational choice. Regional Science and Urban Economics, 35, pp.127-139.

Publisher

© Elsevier

Publication date

2005

Notes

This is Restricted Access. This article was published in the journal, Regional Science and Urban Economics [© Elsevier] and is available at: http://www.sciencedirect.com/science/journal/01660462.

ISSN

0166-0462

Language

en

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Keyword(s)

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