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 …

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

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 …

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 …

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

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

competition, expenditure spillovers, and Tiebout sorting. We discuss theoretically what parameters should be estimated to … empirical analyses on the effects of fiscal decentralization on mobility, spillovers, fiscal externalities, economic outcomes …

We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research … technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse …