We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … verification through entry for sale. …

the value of their potential innovation in industries characterized by a greater degree of knowledge asymmetries. Based on …

entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature …

combining the time needed to comply with government entry procedures in 45 countries with industry-level data on employment … takes less time to register new businesses have seen more entry in industries that experienced expansionary global demand … country--or group of countries with similar entry regulations--will in general yield biased results. …

demand for specialized services that lower entry costs for others. We study the interplay of these two localized … externalities and their impact on regional innovation. We examine MSA-level patent data during the period 1975-2000 and find that … innovation output is higher in regions where large and small firms coexist. The finding is robust to across-region as well as …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

By choosing their organizations, firms trade-off productive efficiency and time spent in implementing innovation. We …

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … innovation and sees the non-rivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the …