• William Kerr


From Russia with Love: The Impact of Relocated Firms on Incumbent Survival. William R. Kerr, May 2013, Paper. "We identify the impact of local firm concentration on incumbent performance with a quasi-natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non-economic factors and heuristics rather than existing industrial conditions..." Link Verified October 11, 2014