Similar Search Results

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

Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda

Bottazzi, Laura; Rin, Marco da - CESifo - 2003

During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several ‘new’ equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...

Persistent link: https://www.econbiz.de/10005181296

Entrepreneurship in a Unionised Economy

Leppämäki, Mikko; Kanniainen, Vesa - CESifo - 2000

labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

Persistent link: https://www.econbiz.de/10005181309

Enterprise Formation and Labor Market Institutions

Kanniainen, Vesa; Vesala, Timo - CESifo - 2000

The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...

Persistent link: https://www.econbiz.de/10005406064

Entrepreneurship, Economic Risks, and Risk Insurance in the Welfare State: Results with OECD Data 1978-93

Ilmakunnas, Pekka; Kanniainen, Vesa - CESifo - 2000

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

Persistent link: https://www.econbiz.de/10005416460