Agrawal, Ajay; Cockburn, Iain; Galasso, Alberto; Oettl, … - In: Journal of Urban Economics 81 (2014) C, pp. 149-165
We study the impact of small firms on innovation in regions where large labs are present. Small firms generate demand for specialized services that lower entry costs for others. This effect is particularly relevant in the presence of large firms that spawn spin-outs caused by innovations deemed...