We study firms’ optimal R&D location strategies in a dynamic industry model with competition in product quality. In light of potential future inwards and outwards spillovers firms make their location choices relying on heuristic strategies that are based on the expected present values associated with alternative location patterns. Using a simulation analysis, we show how the strategies of innovators and imitators differ and how they depend on whether firms operate in strongly or weakly innovative industry environments. We also characterize how firms’ location choices should account for the innovativeness of the competitors active in a location.

中文翻译：

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动态行业环境中的研发地点

我们研究在产品质量竞争的动态行业模型中企业的最佳研发布局策略。鉴于未来潜在的向内和向外溢出效应，公司依靠启发式策略来做出位置选择，这些策略基于与替代位置模式相关的预期现值。通过模拟分析，我们展示了创新者和模仿者的策略有何不同，以及它们如何取决于企业是在强创新行业环境还是弱创新行业环境中运营。我们还描述了公司的地点选择应如何考虑活跃在某个地点的竞争对手的创新性。