/her reliance on alternative sources of knowledge for exploring new business opportunities. The extant literature that is at the … crossroads between sources of knowledge and the experiential and intellectual base of an entrepreneur (i.e., dimensions of his …/her human capital) suggests that it is through experience and through education that an entrepreneur obtains knowledge. Using …

), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge …A rich literature links knowledge inputs with innovative outputs. However, most of what is known is restricted to … productivity - hold for knowledge intensive services. Combining the models of Crepon et al. (1998) and of Ackerberg et al. (2015 …

firms having a higher probability of initiating innovation activities and of successfully turning knowledge into innovation … activities—R&D, innovative output, and productivity—hold for knowledge-intensive services. With especially high start-up rates … and the majority of employees in microfirms, knowledge-intensive services (KIS) have a starkly different profile from …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

more important when there is an increase in network effects. A consequence is higher innovation incentives under an … reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …