Similar Search Results

Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market

Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2004

Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labour market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up...

Persistent link: https://www.econbiz.de/10005789165

Venture Capital, Patenting, and Usefulness of Innovations

Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011

We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...

Persistent link: https://www.econbiz.de/10009643508

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605

Entrepreneurs and New Ideas

Biais, Bruno; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2003

Innovative ideas are novel combinations of productive resources potentially addressing an economic need (Schumpeter, 1926). Even promising ideas can be unprofitable if the proposed combination fails on at least one dimension, e.g., it is technically unfeasible or does not respond to a genuine...

Persistent link: https://www.econbiz.de/10005792312

Optimal Public Policy for Venture Capital Backed Innovation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2003

regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …

Persistent link: https://www.econbiz.de/10005497714

Venture Capital and Knowledge Transfer

Dessí, Roberta; Yin, Nina - C.E.P.R. Discussion Papers - 2015

communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the …This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can … entrepreneur's innovative knowledge to other portfolio companies. We study the costs and benefits of these two forms of knowledge …

Persistent link: https://www.econbiz.de/10011168896

R&D, Socio-Economic Conditions and Regional Innovation in the United States

Crescenzi, Riccardo; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

This paper looks at the genesis of innovation in the United States from a territorial perspective. The analysis aims to … disentangle the impact of local R&D expenditure from other contextual conditions supportive of the process of innovation …. Particular emphasis is devoted to the role of socio-economic factors and systems of innovation conditions (‘social filter …

Persistent link: https://www.econbiz.de/10011083285

The Territorial Dynamics Of Innovation In China And India

Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012

and technology. Indian innovation hubs also generate positive knowledge spillovers to other regions. …This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …

Persistent link: https://www.econbiz.de/10011083752

Innovation, Spillovers and Venture Capital Contracts

Dessí, Roberta - C.E.P.R. Discussion Papers - 2012

Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...

Persistent link: https://www.econbiz.de/10011084393