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来源类型Working Paper
规范类型报告
DOI10.3386/w10106
来源IDWorking Paper 10106
Firm Location and the Creation and Utilization of Human Capital
Andres Almazan; Adolfo de Motta; Sheridan Titman
发表日期2003-11-17
出版年2003
语种英语
摘要This paper presents a theory of location choice that draws on insights from the incomplete contracts and investment flexibility (real option) literatures. We provide conditions under which human capital is more efficiently created and better utilized within industrial clusters that contain similar firms. Our analysis indicates that location choices are influenced by the extent to which training costs are borne by firms versus employees as well as by the uncertainty about future productivity shocks and the ability of firms to modify the scale of their operations. Extensions of our model consider, among other things, endogenous technological choices by firms in clusters and how behavioral biases (i.e., managerial overconfidence about their firms' prospects) can affect firms' location choices.
主题Regional and Urban Economics ; Real Estate ; Industrial Organization ; Firm Behavior
URLhttps://www.nber.org/papers/w10106
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/567734
推荐引用方式
GB/T 7714
Andres Almazan,Adolfo de Motta,Sheridan Titman. Firm Location and the Creation and Utilization of Human Capital. 2003.
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