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Compulsory Education and Jack-of-all-trades Entrepreneurs

Douhan, Robin - Institutet för Näringslivsforskning (IFN) - 2009

Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper … is more likely to enter into entrepreneurship. In the theoretical model proposed, abilities are an outcome of talent and …

Persistent link: https://www.econbiz.de/10005025459

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

Creative Destruction and Productive Preemption

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

We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...

Persistent link: https://www.econbiz.de/10004964394

Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework

Douhan, Robin; van Praag, Mirjam - Institutet för Näringslivsforskning (IFN) - 2009

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

Persistent link: https://www.econbiz.de/10004963483

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

Entrepreneurship and Second-best Institutions: Going Beyond Baumol’s Typology

Douhan, Robin; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2008

destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and … therefore easily fails to appreciate the true impact of entrepreneurship in real world circumstances characterized by suboptimal … institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the …

Persistent link: https://www.econbiz.de/10004969817

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

Productive and Destructive Entrepreneurship in a Political Economy Framework

Douhan, Robin; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2008

Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or negative effects on overall productivity. Embedding central elements from these theories into a political economy framework reveals the bilateral causal relation between...

Persistent link: https://www.econbiz.de/10005645300

The Political Economy of Entrepreneurship: An Introduction

Douhan, Robin; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2007

In this introductory chapter to a collective volume dealing with the political economy of entrepreneurship,* we argue …, based on a suggested unifying framework, that political economy is a fruitful approach to entrepreneurship. The importance … the selected articles also show that the social value of entrepreneurship must be evaluated as it is realized. Three …

Persistent link: https://www.econbiz.de/10005645310