This paper suggests how to quantify asymmetries in volatility spillovers that emerge due to bad and good volatility … stocks at the disaggregate level. Moreover, the spillovers of bad and good volatility are transmitted at different magnitudes … that sizably change over time in different sectors. While negative spillovers are often of substantial magnitudes, they do …

spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly …

This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the …) generate the social optimum despite the presence of spillovers. This conclusion is closely tied to the famous self …

This paper presents a dynamic model of a competitive R&D and production duopoly subject to knowledge spillovers. Two … planner prefer the R&D-cooperative strategy over the competitive one regardless of the intensity of knowledge spillovers …

We construct an asymmetri c duopolistic R&D and production behavior model subject to knowledge spillovers. This model …

-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching …

spillovers could be due to the similar technological specialization of close regions, as we find significant spillovers also in …