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In: Discussion paper series 766
In: The Bell journal of economics, Volume 10, Issue 2, p. 728
In: Occasional paper / European Free Trade Association, Economic Affairs Department, 19
World Affairs Online
In: The Cambridge economic handbooks
In: Economica, Volume 71, Issue 284, p. 543-558
ISSN: 1468-0335
This paper studies the size and number of industrial clusters that arise in a multi‐country world in which one sector has a propensity to cluster because of increasing returns to scale. Equilibrium will generally have smaller clusters than the world welfare optimum, and possibly too many countries with a cluster. Countries have an incentive to use policy to attract an industrial cluster, but the equilibrium of the policy game between governments coincides with the world optimum so there is no 'race to the bottom'. Capping subsidy rates would lead to a proliferation of too many and too small clusters.
In: The Economic Journal, Volume 105, Issue 433, p. 1488
In: Internasjonal politikk, Volume 49, Issue 3, p. 299, 305
ISSN: 0020-577X
In: Journal of development economics, Volume 4, Issue 1, p. 3-24
ISSN: 0304-3878
In: Monographs on shipping economics
In: Economic policy, Volume 4, Issue 9, p. 423
ISSN: 1468-0327
In: Economic policy, Volume 5, Issue 10, p. 13
ISSN: 1468-0327