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side of the market, and on the other side universities and an outside sector. In equilibrium, the top of the ability …. For higher values of the outside option, the academic sector is constrained by the outside sector and the universities are … universities. …
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We investigate the regional emergence of new information technology start-ups in Germany. The largest share of these start-ups is located in cities or densely populated regions that are well equipped with institutions of higher education and research. The empirical analysis clearly indicates the...
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