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 on …

This paper uses a cognitive theory of firms and organizations, with a focus on learning and innovation.Here, cognition … collaboration between firms, for learning and innovation, in the combination of capabilities between rather than within the firm …

The objective of data mining is the extraction of knowledge from databases. In practice, one often encounters … difficulties with models that are constructed purely by search, without incorporation of knowledge about the domain of application …

The assessment of knowledge derived from databases depends on many factors. Decision makers often need to convince … others about the correctness and effectiveness of knowledge induced from data.The current data mining techniques do not … contribute much to this process of persuasion.Part of this limitation can be removed by integrating knowledge from experts in the …

of those choices, namely, subunit interdependencies and knowledge transfer costs.We test our predictions with a …

The process of innovation is driven by two main factors: new inventions and institutions supporting the transformation … a semi-public contest can increase welfare. This paper's results suggest that governments promote knowledge about the …