Fosfuri, Andrea; Rønde, Thomas - C.E.P.R. Discussion Papers - 2003
We analyse firms’ incentives to cluster in an industrial district to benefit from reciprocal technology spillovers. A … simple model of cumulative innovation is presented where technology spillovers arise endogenously through labour mobility. It … in some extreme cases, beneficial for firms’ profits, stimulates clustering, and is not an impediment to technology …