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Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10010877893

Corporate Tax Policy, Entrepreneurship and Incorporation in the EU

Mooij, Ruud A. De; Nicodème, Gaëtan J.A. - CESifo - 2006

panel of European data on firm births and legal form of business to analyze income shifting via increased entrepreneurship … and incorporation. The results suggest that lower corporate taxes exert an ambiguous effect on entrepreneurship. The …

Persistent link: https://www.econbiz.de/10005094315

Greasing the Wheels of Entrepreneurship? The Impact of Regulations and Corruption on Firm Entry

Dreher, Axel; Gassebner, Martin - CESifo - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on … entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows …

Persistent link: https://www.econbiz.de/10005181356