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Perotti, Enrico C; Volpin, Paolo - C.E.P.R. Discussion Papers - 2004

entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants … higher rents earned with less competition. Entry and investor protection improve when wealth distribution becomes less … countries we find that greater accountability is associated with higher entry in sectors that are more dependent on external …

Persistent link: https://www.econbiz.de/10005662100

Innovation and Competitive Pressure

Vives, Xavier - C.E.P.R. Discussion Papers - 2004

for a variety of market structures, including markets with and without barriers to entry and markets characterized by … degree of product substitutability, with or without free entry, increases R&D effort – provided that the total market for …

Persistent link: https://www.econbiz.de/10005791300

Aggregate Oligopoly Games with Entry

Anderson, Simon P; Erkal, Nisvan; Piccinin, Daniel - C.E.P.R. Discussion Papers - 2013

We use cumulative reaction functions to compare long-run market structures in aggregative oligopoly games. We first compile an IO toolkit for aggregative games. We show strong neutrality properties across market structures. The aggregator stays the same, despite changes in the number of firms...

Persistent link: https://www.econbiz.de/10011083659

Acquisitions, Entry, and Innovation in Network Industries

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim Ingemar - C.E.P.R. Discussion Papers - 2013

In industries with network effects, incumbents’ installed bases create barriers to entry that discourage entrepreneurs … from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the … necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the …

Persistent link: https://www.econbiz.de/10011083667

Does the New Economy Need New Governance? Ownership, Knowledge and Performance

Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002

We study the implications of ownership and its induced incentives on firm performance in the ‘New Economy’. Instead of traditional performance we use firm survival on the stock market as the performance indicator. Using a unique data set of all 341 firms listed on the Neuer Markt, the German...

Persistent link: https://www.econbiz.de/10005504269

Do entrepreneurs matter?

Becker, Sascha O.; Hvide, Hans K - C.E.P.R. Discussion Papers - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10011083991

Market Size, Entrepreneurship, and Income Inequality

Behrens, Kristian; Pokrovsky, Dmitry; Zhelobodko, Evgeny - C.E.P.R. Discussion Papers - 2014

We develop a monopolistic competition model with two sectors and heterogeneous agents who self-select into entrepreneurship, depending on entrepreneurial ability. The effect of market size on the equilibrium share of entrepreneurs crucially hinges on properties of the lower-tier utility function...

Persistent link: https://www.econbiz.de/10011084591

Impeded Industrial Restructuring: The Growth Penalty

Audretsch, D.B.; Carree, M.A.; Stel, A.J. van; Thurik, A.R. - Tinbergen Instituut - 2000

This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...

Persistent link: https://www.econbiz.de/10011256821

Does Entrepreneurship reduce Unemployment?

Audretsch, D.B.; Carree, M.A.; Thurik, A.R. - Tinbergen Instituut - 2001

In this paper, we develop two hypotheses: First, regional innovation efforts have a positive impact on regional knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic performance. We test these hypotheses using county level data...

Persistent link: https://www.econbiz.de/10011257436

Patents, Public-Private Partnerships or Prizes – How should we support pharmaceutical innovation?

Grootendorst, Paul - Department of Economics, McMaster University - 2009

The question as to how society should support pharmaceutical (‘pharma’) innovation is both pertinent and timely: Pharma drugs are an integral component of modern health care and hold the promise to treat more effectively various debilitating health problems. The productivity of the pharma...

Persistent link: https://www.econbiz.de/10005013021