The Effect of Hedonic Migration Decisions and Region‐Specific Amenities on Industrial Location: Could Silicon Valley Be in South Dakota?
分析了工人为追求宜居环境而迁移如何影响企业选址，发现劳动密集型企业要么完全跟随工人到最吸引人的地方，要么在跟随与补偿之间权衡，导致三种不同的产业分布模式。
This paper analyzes the effect of hedonic migration decisions and regional amenities on industrial location. Labor‐intensive firms bifurcate into companies that follow the workers completely to the most attractive places, and companies which engage in a trade‐off between “following” and “compensation for disamenities.” In the latter case, regional amenities induce three distinct location patterns: (a) a concentration of firms where the level of amenities is rapidly changing, (b) a gradual change of industrial composition at intermediate locations, and (c) a concentration of specific industries at the periphery of high‐amenity areas. These patterns explain some of the controversial empirical findings about regional amenities and migration.