January 1984
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19 Reads
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444 Citations
Econometrica
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Publications (1)
Citations (1)
... Based on this tradeoff, the socially optimal spillover rate is discussed in some studies. Under constant elasticity demand, Spence (1984) analyzes input spillovers and concludes that the absence of spillovers should not be the socially optimal choice. For the linear demand case, Stepanova (2009) demonstrates that social welfare is maximized under an intermediate to low level of spillovers (between 0 and 0.35). ...
Reference:
Spillovers, licensing and welfare
- Citing Article
January 1984
Econometrica