We provide evidence on the match between firms, managers and incentives using a new survey designed for this purpose … implicit incentives they face and on the firms they work for. We model a market for managerial talent where both firms and … managers are heterogeneous. Following the sources of heterogeneity observed in the data, we assume that firms differ by …

This Paper compares the financing of new ventures in start-ups (entrepreneurship) and in established firms … ex-post inefficient, it provides entrepreneurs with high-powered incentives ex ante. We show that two types of equilibria … can arise (and sometimes coexist). In a low (high) entrepreneurship equilibrium, the market for failed entrepreneurs is …

innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying … incentives. Using detailed information on code contributions and project membership, we classify developers into distinct groups …

routinized phase where innovation takes place within top-performing incumbents; (3) a second entrepreneurial phase characterized … routinization, in which no further innovation takes place, but is instead a phase of structural change. Using data on 74 West German …

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981 …

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 … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …