Labor pooling in R&D intensive industries

Gerlach, Heiko, Rønde, Thomas and Stahl, Konrad (2009) Labor pooling in R&D intensive industries. Journal of Urban Economics, 65 1: 99-111. doi:10.1016/j.jue.2008.10.001

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Author Gerlach, Heiko
Rønde, Thomas
Stahl, Konrad
Title Labor pooling in R&D intensive industries
Journal name Journal of Urban Economics   Check publisher's open access policy
ISSN 0094-1190
1095-9068
Publication date 2009-01
Sub-type Article (original research)
DOI 10.1016/j.jue.2008.10.001
Volume 65
Issue 1
Start page 99
End page 111
Total pages 13
Place of publication Maryland Heights, MO, U.S.A.
Publisher Academic Press
Collection year 2008
Language eng
Formatted abstract
We investigate the interplay between firms' R&D decisions and local labor market competition and how this influences equilibrium location choices and welfare. Firms engage in risky R&D activities that generate stochastic product and derived labor demand. We show that firms located in a cluster tend to invest more and take more risk in R&D compared to spatially separated firms. Most interestingly, ex-ante symmetric firms choose asymmetric R&D investments when located in a cluster. This creates an additional welfare benefit from agglomeration, because firms choose a more efficient, diversified portfolio of R&D projects at the industry level.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ
Additional Notes Available online 11 October 2008.

Document type: Journal Article
Sub-type: Article (original research)
Collections: ERA 2012 Admin Only
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 9 times in Thomson Reuters Web of Science Article | Citations
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Created: Mon, 26 Sep 2011, 13:58:51 EST by Alys Hohnen on behalf of School of Economics