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THE SEQUENTIAL LOCATION OF KNOWLEDGE‐ORIENTED FIRMS OVER TIME AND SPACE
Author(s) -
Kobayashi Kiyoshi,
Batten David F.,
Andersson Äke E.
Publication year - 1991
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1991.tb01739.x
Subject(s) - process (computing) , space (punctuation) , product (mathematics) , computer science , business , decision process , new product development , knowledge management , operations research , process management , marketing , mathematics , geometry , operating system
An analytical framework for the spatial and sequential decision processes of knowledge‐oriented firms is presented, in which each firm is oligopolistically competing with other firms on the basis of inventive activities. The location behavior of new entrants is described as a two‐stage decision process: (a) choosing the region in which to produce, and (b) determining the optimal level of output and the combination of inputs to product. A hierarchical game‐like framework is an essential part of the model. Both timing and intensity are major decision variables for the public provision of knowledge infrastructure. Numerical examples illustrate some implications for knowledge‐based regional development policies.