This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude … toward uncertainty. Unlike previous models of innovation, the firm-formation process is endogenous. An entrepreneur, who owns …'s willingness to work with the uncertain technology. The general equilibrium setting allows us to explore the impact of innovation …

contrasts with the standard argument that human capital generates growth in urban areas solely through local knowledge …

agglomeration economies, a knowledge variable is assumed. Returning to a two location economy one is able to assess in graphical … terms the relation between distribution of knowledge and location of economic activities. …

of Practice” (CoP) for understanding the dynamics of knowledge creation and sharing in Industrial Districts (IDs). The … repository” of knowledge. The source of the concept of agglomeration of firms in ID is completely different. Anyway, many …, it explains the three main concepts useful for understanding further argumentations: knowledge, ID, CoP. Next, it offers …

This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms …. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …