. Chinitz (1961) hypothesized that coal mines near Pittsburgh led that city to specialization in industries, like steel, with …. We test this idea by looking at the spatial location of past mines across the United States: proximity to historical … mining deposits is associated with bigger firms and fewer start-ups in the middle of the 20th century. We use mines as an …

Using a simple two-period model, this paper examines the effects of the acquisition of mines/resources by a final goods …) periods, profits of firms, and welfare. We find that an increase in the mines owned by a final goods producer can increase the … the mines in the second period. We also consider three extended situations: joint exploration, entry of speculators, and …

. Chinitz (1961) hypothesized that coal mines near Pittsburgh led that city to specialization in industries, like steel, with …. We test this idea by looking at the spatial location of past mines across the United States: proximity to historical … mining deposits is associated with bigger firms and fewer start-ups in the middle of the 20th century. We use mines as an …