TO ADMIT OR NOT TO ADMIT: THE QUESTION OF RESEARCH PARK SIZE

Authors: Layson, Stephen; Leyden, Dennis; Neufeld, John

Source: Economics of Innovation and New Technology, Volume 17, Number 7, 2008 , pp. 691-699(9)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

A theoretical model is used to explore the determinants of the optimum size of a private research park and the effect of university affiliation on that optimum size. Parks are assumed to operate as cooperatives where costs are equally shared among the member firms, and optimality occurs when the firms' average net benefits are maximized. To achieve this, existing members of a park will limit the park's size, denying entry to firms who wish to join and are willing to share the costs. University affiliation may either increase or decrease the optimum size of a park.

Keywords: Research park; Research park size; University affiliation

Document Type: Research article

DOI: http://dx.doi.org/10.1080/10438590701785652

Affiliations: 1: Department of Economics, University of North Carolina at Greensboro, Greensboro, NC, USA

Publication date: 2008-01-01

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