R&D location in dynamic industry environments
研究了企业在产品质量竞争的动态行业中如何选择研发地点，发现创新者和模仿者的策略不同，且取决于行业创新环境的强弱。
Abstract We study firms’ optimal R&D location strategies in a dynamic industry model with competition in product quality. In light of potential future inwards and outwards spillovers firms make their location choices relying on heuristic strategies that are based on the expected present values associated with alternative location patterns. Using a simulation analysis, we show how the strategies of innovators and imitators differ and how they depend on whether firms operate in strongly or weakly innovative industry environments. We also characterize how firms’ location choices should account for the innovativeness of the competitors active in a location.