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Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011

We develop a theory of innovation for entry and sale 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. Preemptive acquisitions by incumbents are shown to stimulate the...

Persistent link: https://www.econbiz.de/10008865973

Entrepreneurial Innovations, Entrepreneurship Policy and Globalization

Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2010

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

Persistent link: https://www.econbiz.de/10008530366

Key Characteristics of the Small Innovative Firm

Andersson, Martin; Lööf, Hans - Centre of Excellence for Science and Innovation … - 2009

Despite broad agreement on the strategic role of SMEs (Small and Medium Sized Enterprises) in industrial renewal processes, the lack of systematized and comprehensive information on the nature and level of small innovative firms is striking. This bias is partly explained by an empirical shadow...

Persistent link: https://www.econbiz.de/10004988933

Entrepreneurship, Institutions and Economic Dynamism: Lessons from a Comparison of the United States and Sweden

Braunerhjelm, Pontus; Henrekson, Magnus - Centre of Excellence for Science and Innovation … - 2012

particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the economy. Particular … aspects of entrepreneurship and economic dynamism are covered by pairs (or in one case three) coauthors, who are renowned …

Persistent link: https://www.econbiz.de/10010818729

And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize

Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010

R&D incentives of new entrants to a market may be shaped by the prospects of being acquired by an incumbent. In this paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage, firms compete to develop innovations of high quality. They...

Persistent link: https://www.econbiz.de/10008784763

Financial Signalling by Innovative Nascent Entrepreneurs

Audretsch, David B; Bönte, Werner; Mahagaonkar, Prashanth - C.E.P.R. Discussion Papers - 2009

Innovative new ventures fail if they cannot attract resources needed to commercialise new ideas and inventions. Obtaining external resources is a central issue for nascent entrepreneurs - people who are in the process of starting new ventures. We argue in this paper that, a way to deal with this...

Persistent link: https://www.econbiz.de/10005656288

Josh Lerner: Recipient of the 2010 Global Award for Entrepreneurship Research

Braunerhjelm, Pontus; Parker, Simon - Centre of Excellence for Science and Innovation … - 2010

This article describes the academic contributions of the 2010 recipient of the Global Award for Entrepreneurship … venture capital, innovation and entrepreneurship has greatly extended and improved our understanding of one of the major … and organization of the venture capital industry. Later, his most important publications on entrepreneurship, innovation …

Persistent link: https://www.econbiz.de/10008483922

Employment Protection, International Specialization, and Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1996

This paper develops a model to analyse the implications of firing costs on incentives for R&D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labour market will tend to produce relatively secure goods, at late stages in their product...

Persistent link: https://www.econbiz.de/10005136526

Endogenous Innovation Spillovers and Technology Policy

Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1996

We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to make a number of distinctions that are ignored in the...

Persistent link: https://www.econbiz.de/10005136627

Innovative Clusters and the Industry Life Cycle

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to link the propensity for innovative activity to cluster spatially to the stage of the industry life cycle. The theory of knowledge spillovers, based on the knowledge production function for innovative activity, suggests that geographic proximity matters most in...

Persistent link: https://www.econbiz.de/10005497876