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| Kolympiris, Christos; Klein, Peter G.; Kalaitzandonakes, Nicholas G.. |
| Why do biotech firms cluster? New and established firms in biotech clusters are said to capitalize on knowledge spillovers, labor-market pooling, and other externalities. Some have even argued that such spillovers are so strong that the cluster itself, rather than the individual, is the locus of entrepreneurship. Such arguments, however, do not resolve the mechanism by which clusters might contribute to the establishment of new firms. This paper proposes a conceptual framework for analyzing the locational choices of entrepreneurial firms in the life-sciences industry. Building on both the cluster literature and the literature on entrepreneurship, we develop hypotheses about how cluster characteristics, the entrepreneurs personal characteristics, and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Entrepreneurship; Biotechnology; Clusters; Knowledge spillovers; Agglomeration economies; Industrial Organization; L26; L65; O18; O32. |
| Ano: 2007 |
URL: http://purl.umn.edu/9761 |
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| Altman, Ira J.; Klein, Peter G.; Johnson, Thomas G.. |
| With increasing interest in renewable energy from agriculture, including biopower and cellulose ethanol, several aspects of the industry must be understood. Study of the organization of the biopower industry represents an under researched area and a new application of transaction cost theory to an emerging industry. Refinement of the theory can also result from challenging applications. This article provides an application of transaction cost economics to the existing United States biopower industry while challenging the empirical convention of excluding production cost variables from transaction cost analysis. Utilizing survey data from 53 biopower generators, scale is modeled as a transaction cost variable in explaining the choice of organizational... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/21141 |
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| Sykuta, Michael E.; Klein, Peter G.; James, Harvey S., Jr.. |
| The rise of contract farming and vertical integration is one of the most important changes in modern agriculture. Yet the adoption and diffusion of these new forms of organization has varied widely across regions, commodities, or farm types, however. Transaction cost theories and the like are not fully effective at explaining the variation of adoption rates of different organizational forms, in part because of their inherent static nature. In order to explain the adoption, diffusion and evolution of organizational form, a more dynamic framework is required. This paper lays out such a framework for understanding the evolution of organizational practices in U.S. agriculture by drawing on existing theories of economic organization, the diffusion of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Contracting; Vertical integration; Organizational innovation; Diffusion; Institutional and Behavioral Economics; L14; L22; Q13; O33. |
| Ano: 2005 |
URL: http://purl.umn.edu/19390 |
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| Funke, Thomas; Klein, Peter G.. |
| The production of biofuels and the establishment of a biofuels industry in South Africa have largely been hampered by the structure, procedures and requirements as set out in the Industrial Biofuel Strategy. This article sketches the industry by means of a game theoretic representation. A model is developed that represents the rational strategies of various role players in the industry with respect to investor decision making. In reality this did not occur and the article develops and documents a variable, σ, which in turn helps to represent the current state of affairs. The study explains why current investment decisions in the industry have been made and why certain role players remain indifferent towards any commitment. |
| Tipo: Journal Article |
Palavras-chave: Biofuels; Game Theory; Biofuel Industry Investments; Agricultural Finance; Research Methods/ Statistical Methods. |
| Ano: 2010 |
URL: http://purl.umn.edu/95978 |
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| Funke, Thomas; Klein, Peter G.. |
| The production of biofuels in many countries is largely driven by the government strategy and incentives that are in place. In South Africa the first round of the development of such a draft strategy took place in 2005 while the official stance on biofuels was finalized in December of 2007. During the policy development process various governmental departments had strategic goals and targets that they all were required to achieve. The achievement of these strategic targets and goals is also risky and the various departments that have some form of involvement in the biofuels industry need to decide on how much risk they are willing to take. This article sketches the game that the various governmental departments played as well as the risks that they were... |
| Tipo: Journal Article |
Palavras-chave: Biofuels; Game Theory; Government Strategy; Agricultural and Food Policy; Research Methods/ Statistical Methods. |
| Ano: 2010 |
URL: http://purl.umn.edu/95979 |
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