期刊
STRATEGIC MANAGEMENT JOURNAL
卷 35, 期 12, 页码 1749-1761出版社
WILEY-BLACKWELL
DOI: 10.1002/smj.2186
关键词
agglomeration economies; location choice; firm heterogeneity; agglomeration; factor pools
Because agglomeration economies may create competitive advantage and each location has a unique array of agglomeration economies, where should firms locate? We combine fundamental economic and strategy concepts to: (1) determine when firms must locate proximately to access factor pools; (2) show that factor pools controlled by fewer firms are less useful to new entrants; and (3) demonstrate that certain firms risk aiding competitors when contributing to efficient factor pools. We find support for our predictions with a test on new U. S. manufacturing entrants from 1985 to 1994, using an empirical specification that separates agglomeration levels from agglomeration economies. Copyright (C) 2013 John Wiley & Sons, Ltd.
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