Olsen, T.E.; Osmundsen, P. - Institutt for Økonomi, Universitetet i Bergen - 2000
investments potentially confer positive spillovers on national firms. The firm has private information both about its efficiency …-best allocation, that the excessive investments occur in the country where the positive spillover effects are lowest, and that they … investments under competition are then excessively spread out and not properly concentrated to the country where spillovers would …