LOCATION STRATEGIES FOR AGGLOMERATION ECONOMIES

• 成果类型: Article
• 署名作者: Alcacer, Juan; Chung, Wilbur
• 署名单位: Harvard University; University System of Maryland; University of Maryland College Park
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2186
• 发表日期: 2014
• 页码: 1749-1761
• 关键词: agglomeration economies; location choice; firm heterogeneity; agglomeration; factor pools

摘要

Because agglomeration economies may create competitive advantage and each location has a unique array of agglomeration economies, where should firms locate? We combine fundamental economic and strategy concepts to: (1) determine when firms must locate proximately to access factor pools; (2) show that factor pools controlled by fewer firms are less useful to new entrants; and (3) demonstrate that certain firms risk aiding competitors when contributing to efficient factor pools. We find support for our predictions with a test on new U. S. manufacturing entrants from 1985 to 1994, using an empirical specification that separates agglomeration levels from agglomeration economies. Copyright (C) 2013 John Wiley & Sons, Ltd.