Labor pooling in R&D intensive industries


Gerlach, Heiko ; Rønde, Thomas ; Stahl, Konrad


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URL: http://ub-madoc.bib.uni-mannheim.de/2109
URN: urn:nbn:de:bsz:180-madoc-21093
Document Type: Working paper
Year of publication: 2008
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: L13 O32 R12 ,
Subject headings (SWD): Deutschland , Forschung und Entwicklung , Facharbeiter , Standortplanung , Agglomeration <Wirtschaft>
Abstract: We investigate the interplay between firms' R&D decisions and labor market competition, and how this influences equilibrium location choices and welfare. Firms engage in risky R&D activities and thus create stochastic product and implied labor demand. Spatial agglomeration is more likely in situations where the innovation step is large and the probability for a firm to be the only innovator is high. When firms agglomerate, they tend to invest more in R&D compared to spatially dispersed firms. Agglomeration is welfare maximizing, because expected labor productivity is higher and firms choose a more efficient, diversified portfolio of R&D projects at the industry level. The latter aspect is ascertained by data from German firms in R&D intensive industries.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Gerlach, Heiko ; Rønde, Thomas ; Stahl, Konrad (2008) Labor pooling in R&D intensive industries. Open Access [Working paper]
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