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

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009

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

Entrepreneurial Innovations and Taxation

Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2012

Many governments promote small businesses for the dual reasons of fostering ‘breakthrough’ innovations and employment growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation project and on their mode of commercializing...

Persistent link: https://www.econbiz.de/10009399312

Entrepreneurial Innovations, Entrepreneurship Policy and Globalization

Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009

What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...

Persistent link: https://www.econbiz.de/10004963484

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2006

We show that, in the case when innovations are for sale, increased product market competition, captured by reduced product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on the acquisition price which, in turn, might increase...

Persistent link: https://www.econbiz.de/10005419538

The Alert and Creative Entrepreneur: A Clarification

Kirzner, Israel M. - Institutet för Näringslivsforskning (IFN) - 2008

Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research (the … entrepreneurial decisions) provides a theoretical underpinning for public policy vis-à-vis entrepreneurship. Professor Kirzner’s main … contributions to the economics of entrepreneurship were also presented and evaluated by Douhan, Eliasson and Henrekson (2007). …

Persistent link: https://www.econbiz.de/10005645376

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

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2004

The starting point of this paper is that the 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...

Persistent link: https://www.econbiz.de/10005645429

Entrepreneurial Activity, Banking and Finance, Historical Aspects and Theoretical Suggestions

Dahmén, Erik - Institutet för Näringslivsforskning (IFN) - 1989

No abstract.

Persistent link: https://www.econbiz.de/10010684415

Characteristics and Performance of New Firms and Spinoffs in Sweden

Andersson, Martin; Klepper, Steven - Institutet för Näringslivsforskning (IFN) - 2012

We analyze the rate of formation, the characteristics, and the performance of different types of new firms in Sweden over a decade. Comparisons to Denmark, Brazil, and the U.S. suggest that the environment for new firm formation in Sweden is not markedly different than elsewhere. In line with...

Persistent link: https://www.econbiz.de/10010818352

Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2012

. We also show that 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. Using Swedish patent citation data, we find empirical support for predictions of the model. …

Persistent link: https://www.econbiz.de/10010818447

Local Competitiveness Fostered through Local Institutions for Entrepreneurship

Andersson, Martin; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2014

We review and assess the role local institutional framework conditions play in fostering local entrepreneurship. The … basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both … the supply and direction of entrepreneurship. While local institutions always develop and operate against the backdrop of …

Persistent link: https://www.econbiz.de/10011184638