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Heterogene Standortqualitäten und Signalstrategien: Ansiedlungsprämien, Werbung und kommunale Leuchtturmpolitk

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  • Steinrücken Torsten

    (Institut für Volkswirtschaftslehre, Fachgebiet Wirtschaftspolitik, Technische Universität Ilmenau, Postfach 10 05 65, D – 98684 Ilmenau)

  • Jaenichen Sebastian

    (Institut für Volkswirtschaftslehre, Fachgebiet Wirtschaftspolitik, Technische Universität Ilmenau, Postfach 10 05 65, D - 98684 Ilmenau)

Abstract

This article analyses and compares three in reality observable instruments designed to promote regional development: opening bonuses, advertisement and light-house-policy. We undertake the hopeful attempt to figure a marketplace of industrial locations where location-seeking mobile factors and location-offering jurisdictions exchange goods providing reciprocal advantage. Observing that location- seekers are unable to attain full information about the locations quality we show the importance of signalling. An undemanding model answers the fascinating question how tax-reductions for new direct investments, ads and the so called “light-house-policy” known as a specialty of East-German regional marketing can mitigate the risk associated with decisions of industrial location.

Suggested Citation

  • Steinrücken Torsten & Jaenichen Sebastian, 2003. "Heterogene Standortqualitäten und Signalstrategien: Ansiedlungsprämien, Werbung und kommunale Leuchtturmpolitk," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 52(3), pages 399-420, December.
    • Handle: RePEc:lus:zwipol:v:52:y:2003:i:3:p:399-420:n:7
    DOI: 10.1515/zfwp-2003-0307
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