We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...

Industrial clusters have received much attention in economic research in the last decade. They are seen as one of the reasons for the economic success of certain regions in comparison to others. This paper studies the evolution of such industrial clusters. To this end, a spatial structure of...

Local industrial clusters have attracted much attention in recent economic and geographic literature. The focus has been on identifying the conditions for the emergence of such clusters. Here the long-term implications of local industrial clusters are studied. To this end, we examine German...

Brenner T. (2006) Identification of local industrial clusters in Germany, Regional Studies 40, 1-14. This paper presents a method that allows local industrial clusters to be identified and applies this method to Germany. The method is applied to all three-digit manufacturing industries in...

This paper studies the industry-specific relationship between industrial clustering and firm growth. The literature usually considers industrial clusters as positive for the general economic development of regions. In particular, their relationship with the formation rate of new firms and the...

We investigate company foundations in the German micro technology industry (MST) by means of a spatial-temporal micro-geographic analysis. Our dataset includes the exact location (latitude, longitude) of all German MST firms, relevant research institutions and MST-patent owners including their...

Purpose – This paper aims to examine the short-term structure of the impact of R&D investments on turnover growth, indicating differences between tangible and intangible investments. The main questions are whether R&D and capital investments accompany firms' growth in the subsequent periods...