credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased …, implies that the incentive for innovation for sale can increase with increased competition. Finally, we show that a stricter … competition for the innovation, without reducing the total rents for innovations too much. …

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …

to the taxation of entrepreneurs in transition economies. …

individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …

This paper examines the sources of firm product and process innovation in Norway. It uses a purpose-built survey of ….’s (2007) contention that firm innovation is both the result of ‘science, technology and innovation’ (STI) and ‘doing, using … innovation and that both STI and DUI-modes of interaction matter. However, it also shows that DUI modes of interaction outside …