Agglomeration theory supports and existing findings confirm the geographical proximity of similar firms and spatial attraction of firms to universities. In addition to that, we are able to identify whether universities as one type of innovative units are attracted by firm-type innovators and the...

Agglomeration theory supports and existing findings confirm the geographical proximity of similar firms and spatial attraction of firms to universities. In addition to that, we are able to identify whether universities as one type of innovative units are attracted by firm-type innovators and the...

In this paper, we study the problem of allocating a limited budget to competing social treatment programs. The optimal budget allocation scheme is defined by an optimal splitting point that maximizes a social value function, weighted across different treatment programs. We propose estimators for...