?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F3969%2F&rft.title=Benefiting+Colleagues+but+not+the+City%3A+Localized%0D%0AEffects+from+the+Relocation+of+Superstar+Inventors&rft.creator=Zacchia%2C+Paolo&rft.subject=HD+Industries.+Land+use.+Labor&rft.subject=T+Technology+(General)&rft.subject=T201+Patents.+Trademarks&rft.description=In+this+paper+I+examine+episodes+in+which+superstar+inventors+relocate+to+a+new+city.+In+particular%2C%0D%0Ain+order+to+assess+whether+the+beneficial+effects+of+physical+proximity+to+a+superstar+have+a+restricted%0D%0Anetwork+dimension+or+a+wider+spatial+breadth+(spillovers)%2C+I+estimate+changes+in+patterns+of+patenting%0D%0Aactivity+following+these+events+for+two+different+groups+of+inventors%3A+the+superstar%E2%80%99s+close+collaborators%2C%0D%0Aand+all+the+other+inventors+in+a+given+urban+area%2C+for+both+the+locality+where+the+superstar+moves%0D%0Ato+and+for+the+one+that+is+left+behind.+In+the+case+of+collaborators%2C+I+restrict+the+attention+to+patents%0D%0Arealized+independently+from+the+superstar.+The+results+from+the+event+study+register+a+large+and+persistent%0D%0Apositive+effect+on+the+collaborators+in+the+city+of+destination%2C+as+well+as+a+simultaneous+negative%0D%0Atrend+affecting+those+still+residing+in+the+previous+location.+In+the+long+run%2C+these+effects+translate%0D%0Ainto+an+increased+difference+between+the+two+groups+of+about+0.16+patents+per+inventor.+Conversely%2C%0D%0Ano+city-wide+spillover+effect+can+be+attested%2C+offering+little+support+to+place-based+policies+aimed+at%0D%0Ainducing+a+positive+influx+of+top+innovators+in+urban+areas.&rft.date=2018&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.rights=cc_by_nc_nd&rft.identifier=http%3A%2F%2Feprints.imtlucca.it%2F3969%2F1%2FSuperstars_Paper.pdf&rft.identifier=++Zacchia%2C+Paolo++Benefiting+Colleagues+but+not+the+City%3A+Localized+Effects+from+the+Relocation+of+Superstar+Inventors.++Working+Paper+++++++(Submitted)+++