THE LOCATIONAL DYNAMICS OF THE US BIOTECH INDUSTRY: KNOWLEDGE EXTERNALITIES AND THE ANCHOR HYPOTHESIS
本文将房地产经济学中的锚定租户概念应用于生物技术产业，研究锚定企业如何通过知识外部性促进小型生物技术公司的创新和区域集聚。
Biotechnology, rather than a distinct industry like automobiles or steel, is instead a scientific knowledge base—a rapidly evolving technology—that has economically valuable applications in diverse industries such as pharmaceuticals, medical diagnostics, agriculture, bio-environmental remediation and chemical processing. Biotech is still at an early stage and there are many competing hypotheses about its future development. This paper adapts the concept of the anchor tenant from real estate economics to explore the locational concentration and specialization of the emerging biotech industry. Established Anchor Firms who use a new technology may create knowledge externalities that benefit smaller dedicated biotech firms and increase overall innovative output in the region.