A Dynamic Model of Firms’ Strategic Location Choice

Dawid H, Colombo L (2017)
In: The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives. Commendatore P, Kubin I, Bougheas S, Kirman A, Kopel M, Bischi GI (Eds); Berlin: Springer: 159-177.

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Sammelwerksbeitrag | Englisch
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Abstract / Bemerkung
This paper analyzes the optimal location choice of a firm in a dynamic Cournot framework, in which firms’ absorptive capacities may depend on their knowledge stock. The firm decides whether to locateirreversibly in a cluster or in isolation. In the cluster the firm benefits from inward spillovers from its competitors, but also generates outward spillovers. If the firm chooses to locate in isolation no knowledge flows occur. All firms’ production costs are determined by their knowledge stocks, which evolve over time due to own R&D investments and potentially inward spillovers. It is shown that, if absorptive capacity is constant, the incentive to locate in the cluster decreases with respect to the firm’s knowledge stock. Conversely, if absorptive capacity depends positively on knowledge stock, the firm’s incentive to join the cluster is larger the more knowledge it has. It is also shown that qualitative properties of the equilibrium paths of R&D investments and knowledge stocks differ substantially depending on whether absorptive capacities are constant or knowledge dependent.
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The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives
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159-177
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Dawid H, Colombo L. A Dynamic Model of Firms’ Strategic Location Choice. In: Commendatore P, Kubin I, Bougheas S, Kirman A, Kopel M, Bischi GI, eds. The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives. Berlin: Springer; 2017: 159-177.
Dawid, H., & Colombo, L. (2017). A Dynamic Model of Firms’ Strategic Location Choice. In P. Commendatore, I. Kubin, S. Bougheas, A. Kirman, M. Kopel, & G. I. Bischi (Eds.), The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives (pp. 159-177). Berlin: Springer. doi:10.1007/978-3-319-65627-4_9
Dawid, H., and Colombo, L. (2017). “A Dynamic Model of Firms’ Strategic Location Choice” in The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives, Commendatore, P., Kubin, I., Bougheas, S., Kirman, A., Kopel, M., and Bischi, G. I. eds. (Berlin: Springer), 159-177.
Dawid, H., & Colombo, L., 2017. A Dynamic Model of Firms’ Strategic Location Choice. In P. Commendatore, et al., eds. The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives. Berlin: Springer, pp. 159-177.
H. Dawid and L. Colombo, “A Dynamic Model of Firms’ Strategic Location Choice”, The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives, P. Commendatore, et al., eds., Berlin: Springer, 2017, pp.159-177.
Dawid, H., Colombo, L.: A Dynamic Model of Firms’ Strategic Location Choice. In: Commendatore, P., Kubin, I., Bougheas, S., Kirman, A., Kopel, M., and Bischi, G.I. (eds.) The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives. p. 159-177. Springer, Berlin (2017).
Dawid, Herbert, and Colombo, Luca. “A Dynamic Model of Firms’ Strategic Location Choice”. The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives. Ed. Pasquale Commendatore, Ingrid Kubin, Spiros Bougheas, Alan Kirman, Michael Kopel, and Gian Italo Bischi. Berlin: Springer, 2017. 159-177.

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