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Externality
(redirected from spillover)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Externality
The cost or benefits of a transaction to parties who do not directly participate in it. Externality can be either positive or negative. For example, a merger can lead to higher share prices and bonuses for employees, benefiting shareholders and employees at the two companies merging, This can create wealth and positively impact a community. On the other hand, the merger can drive a competitor out of business, which results in layoffs and reduced wealth, which can hurt a community. Externality is also called spillover or the neighborhood effect. See also: External benefit, External cost.


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One of the biggest come-ons in network marketing is the promise of SPILLOVER, "if you join me and my group all you have to is wait for the massive spillover and we will build a huge down line right under you.
Domestic patent applications are used in this article to construct domestic and foreign stocks of knowledge, and bilateral trade shares are used to quantify trade-related spillover effects.
Central bankers on Thursday issued recommendations aimed at limiting the spillover impact when international banks are being wound up, in a bid to prevent a repeat of the financial crisis.
 
 
 
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