Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...

Economic synergy is essential in functional polycentric metropolitan regions due to their high collaborative potential between area centers and subcenters, which results in greater competition. Our results indicate that, based on the theory of economic geography, economic activities in...

Many scholars underline the significance of clusters for knowledge spillovers and related benefits in terms of innovation and firm competitiveness. The Industry 4.0 technological scenario emphasizes dispersed technologically interconnected activities and distributed knowledge management...