| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10106 |
| 来源ID | Working 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 |
| URL | https://www.nber.org/papers/w10106 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 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. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10106.pdf（952KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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