Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10011749952
Persistent link: https://www.econbiz.de/10009674451
business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. We develop a regression framework to test empirical predictions of the model. Within our …
Persistent link: https://www.econbiz.de/10011555580
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/10010291511
Persistent link: https://www.econbiz.de/10009376961
Persistent link: https://www.econbiz.de/10010254470
Persistent link: https://www.econbiz.de/10011983508
Persistent link: https://www.econbiz.de/10011983515
Persistent link: https://www.econbiz.de/10011755784
We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...
Persistent link: https://www.econbiz.de/10005025461