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A consumer who is local to firm i will form part of firm i's local return demand, (5), if she (i) starts to search from firm i, (ii) chooses to search the entire market without optimally stopping, but then prefers to buy from firm i rather than (iii) buying from any other firm or (iv) taking the outside option.
A consumer who is local to some firm j ≠ i will form part of firm i's non-local return demand, (6), if she (i) starts to search from firm j, and continues to search without stopping at (ii) firm i or (iii) any other firm k ≠ j, i, but then prefers to buy from firm i rather than (iv) buying from firm j, (v) buying from any firm k or (vi) taking the outside option.
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This is of interest as there exist practices on the part of firms that delay payment as a result of slow paying customers, effectively extending the cash cycle.
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The transfer of technology from the university through the spillover effect can only occur in the presence of an ACAP on the part of firms and an adequate level of DCAP from the university.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com