We present a dynamic occupational choice model with a learning algorithm simultaneously capable to explain entrepreneurial entry, exit, and survival. According to our model, those individuals decide to become entrepreneurs who expect their productivity to be highest when managed by themselves....

The paper develops a simple theoretical model of inventory control in global value chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a value chain is profitable when demand volatility is high. It also provides...

This paper is a first attempt to analyse the relationship between spatial agglomeration and firms’ organizational structures. It takes advantage of a large data set on Italian business groups that allowed us to analyse the differences in the presence and characteristics of business groups...

We analyze the spatial diffusion of laser-technology in Germany during the early phase of development, between 1960 and 2005. Research in this new technological field began in a few larger centers and then spread to other regions. In the early years, a large firm of the electronics industry...

The creative economy is a holistic and multidisciplinary concept that deals with the interaction between economics, culture and technology, and centred on the production of creative contents in goods and services. One of the most relevant dimensions of creativity is the territorial one. Despite...

We analyze self-selection decisions regarding teamwork both theoretically and empirically. While we focus on individual talent, we also investigate the effects of team tasks, individual teamwork skills, and expectations concerning the talent and teamwork skills of potential teammates as further...

This paper aims to contribute to the ongoing discussion on horizontal vs. vertical integration as further development path in the financial security service industry, consisting of trading, clearing and settlement. Using a stylized model of the industry we investigate the incentives to...

Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to web-based procurement can impact more readily procured services rather than materials. Uncertainty represents a catch-all factor describing the dovetailing of operations between two...

This paper develops a two-dimensional spatial framework to explore the firms' optimal locations and optimal attributes of basic products under linear transportation costs, in which firms have the technique of flexible manufacturing and engage in spatially discriminatory pricing. We can observe...