Technology, Agglomeration, and Regional Competition for Investment

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dc.contributor.authorBlonigen, Bruce A.
dc.contributor.authorKolpin, Van
dc.date.accessioned2003-12-15T20:25:47Z
dc.date.available2003-12-15T20:25:47Z
dc.date.issued2003-09-01
dc.description25 p.
dc.description.abstractThe active "courting" of firms by municipalities, regions, and even nations has a long-standing history and the competition for firm location through a wide variety of incentives seems to have escalated to new heights in recent years. We develop a model that explores technology development by firms that face regional competition for their investment and examine the endogenous determination of regions� policies, firm technology, and agglomeration externalities. In particular, we find that regional competition leads firms to inefficiently distort their development and selection of production technology in hopes of improving their standing in the competition amongst regions for their investment. This loss in efficiency is aggravated by the agglomeration externalities that are inherently present in many industries. We offer several case studies that provide evidence consistent with our theoretical conclusions.en
dc.format.extent196218 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/1794/135
dc.language.isoen_US
dc.publisherUniversity of Oregon, Dept of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers;2003-21
dc.subjectPublic economicsen
dc.subjectLocal governmenten
dc.subjectState governmenten
dc.subjectIntergovernmental relationsen
dc.subjectState and local taxationen
dc.subjectSubsidiesen
dc.subjectRevenueen
dc.subjectIndustrial organizationen
dc.subjectFirm objectives, organization and behavioren
dc.subjectOrganization of productionen
dc.subjectMicroeconomicsen
dc.subjectProduction and organizationen
dc.subjectFirm behavioren
dc.subjectEconomic developmenten
dc.subjectTechnological changeen
dc.subjectInnovation and inventionen
dc.subjectTechnological innovations
dc.titleTechnology, Agglomeration, and Regional Competition for Investmenten
dc.typeWorking Paperen

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Economics Working Papers
Blonigen, Bruce A.
Kolpin, Van