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...

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...

I show that firms headquartered geographically close to a top-university engage in more research and development and produce more valuable patents. To address the endogeneity of university and firm location, I use 19th century as-good-as-random allocation of land-grant colleges. I find that...

The paper investigates the broadening area of research utilizing micro-geographic economic analysis to conduct evaluations of area-based policies implemented at a micro-geographic level. It offers the first extensive, critical examination and synthesis of this subset of work including its...

By relocating both multinational corporations subsidiaries and small-medium enterprises between territorial systems globalization and digitalization are driving a substantial restructuring of world economy. Despite its expected disappearance, incumbent territorial systems are witnessing a time...

How do differences in the local business environment influence location of industry within countries? How do the benefits of a good business environment compare to those from good market access and agglomeration economies from industry clustering? We examine these questions by analyzing location...

Our analysis of manufacturing plants sampled from India's major industrial centers shows large productivity gaps across cities. The gaps partly reflect differences in agglomeration economies and in market access. However, they are also explained to a greater extent by differences in the degree...

This paper analyses the location choices of new entrants to Auckland between 1996 and 2006, to identify a systematic relationship between residential location choices and features of local areas such as population density, the population composition of the area or its neighbourhood,...

Using over 200,000 U.S. patent citations, we test whether knowledge transfers in the transportation sector are sensitive to distance, and whether that sensitivity has changed over time. Controlling for self-citation by inventor, assignee and examiner, multivariate regression analysis shows that...