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In: The annals of the American Academy of Political and Social Science, Volume 299, Issue 1, p. 179-180
ISSN: 1552-3349
In: The annals of the American Academy of Political and Social Science, Volume 288, Issue 1, p. 204-205
ISSN: 1552-3349
In: Competition and Trade Policies; Routledge Studies in the Modern World Economy
In: Discussion paper series 766
In: Journal of international economics, Volume 21, Issue 1-2, p. 111-122
ISSN: 0022-1996
In: The Bell journal of economics, Volume 11, Issue 2, p. 753
In: The Bell journal of economics, Volume 9, Issue 1, p. 1
In: The Cambridge economic handbooks
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: 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: Economic policy, Volume 10, Issue 20, p. 53
ISSN: 1468-0327