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Does History Matter Only When it Matters Little? The Case of City-Indu try Location

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NBER1993-04-01 更新2025-01-04 收录
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When will an industry subject to agglomeration economies move from an old, high-cost site to a new, low-cost site? It is argued that history, in the form of sunk costs resulting from the operation of many firms at a site, creates a first-mover disadvantage that can prevent relocation. It is

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1993-04-01
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