This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings … improve welfare regardless of spillover levels. Otherwise, there is scope for cross-ownership provided that spillovers are …

inter- or intra-firm and inter- or intra-industry knowledge spillovers, which are quite industry specific. In the framework … of R&D cooperation stimulating policies, our results advocate for considering those differences in order to balance the … effect of knowledge spillovers driven market incentives and direct regulation. …

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting … activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of … spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by …

endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …