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dc.contributor.authorBlonigen, Bruce A. (Bruce Aloysius)
dc.contributor.authorKolpin, Van
dc.date.accessioned2003-08-13
dc.date.available2003-08-13
dc.date.issued2001-06-01
dc.identifier.urihttp://hdl.handle.net/1794/77
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 research and development efforts 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
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dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.publisherUniversity of Oregon, Dept. of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers;2001-10
dc.subjectPublic economicsen
dc.subjectState and local governmenten
dc.subjectState and local taxation, subsidies, and revenueen
dc.subjectIndustrial organizationen
dc.subjectMicroeconomicsen
dc.subjectTechnological changeen
dc.subjectFirm behavioren
dc.subjectInnovation and invention (Processes and incentives)en
dc.subjectIntergovernmental relationsen
dc.subjectTechnological innovations
dc.titleTechnology, Agglomeration, and Regional Competition for Investmenten
dc.typeWorking Paperen


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