Where the Cloud Rests: The Economic Geography of Data Centers

Tommy Pan Fang
Corresponding Author
Tommy Pan Fang
[email protected]
https://orcid.org/0000-0003-2332-7121
Jones Graduate School of Business, Rice University, Houston, Texas 77005
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,
Shane Greenstein
Shane Greenstein
[email protected]
Harvard Business School, Boston, Massachusetts 02163
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Corresponding Author

Tommy Pan Fang

[email protected]

https://orcid.org/0000-0003-2332-7121

Jones Graduate School of Business, Rice University, Houston, Texas 77005

Search for more papers by this author

,

Shane Greenstein

Shane Greenstein

[email protected]

Harvard Business School, Boston, Massachusetts 02163

Search for more papers by this author

Published Online:14 Oct 2025https://doi.org/10.1287/stsc.2024.0225

Supplemental Material

stsc.2024.0225.sm1.pdf

cover image Strategy Science

Volume 10, Issue 4

December 2025

Pages 281-444, ii

Article Information

Supplemental Material

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Received:May 01, 2024
Accepted:August 05, 2025
Published Online:October 14, 2025

Copyright © 2025, INFORMS

Cite as

Tommy Pan Fang, Shane Greenstein (2025) Where the Cloud Rests: The Economic Geography of Data Centers. Strategy Science 10(4):404-420.

https://doi.org/10.1287/stsc.2024.0225

Keywords

Acknowledgments

The authors thank the senior editor, Robert Seamans, for insightful suggestions. Thanks to seminar audiences, Victor Bennett, Tim DeStefano, Alphonso Gambardella, Igal Hendel, Aaron Kulick, Michael Rechtin, Jonathan Timmins, and anonymous reviewers for comments and suggestions. Thanks to Patrick Clapp, Paul Gregory, Maggie Kelleher, and Christine Snively for excellent research assistance. Any errors are our own.