Market Potential and the Location of Japanese Investment in the European Union
构建了一个不完全竞争下的区位选择理论模型，用日本企业在欧洲各国区域的投资数据检验了市场潜力对区位选择的影响，发现市场潜力重要但无法完全解释同行业企业的集聚倾向。
This paper develops a theoretical model of location choice under imperfect competition to formalize the notion that firms prefer to locate "where the markets are." The profitability of a location depends on a term that weights demand in all locations by accessibility. Using a sample of Japanese firms' choices of regions within European countries, we compare the theoretically derived measure of market potential with the standard form used by geographers. Our results show that market potential matters for location choice but cannot account entirely for the tendency of firms in the same industry to agglomerate. © 2004 President and Fellows of Harvard College and the Massachusetts Institute of Technology.