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How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

Persistent link: https://www.econbiz.de/10010877694

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

Persistent link: https://www.econbiz.de/10010877893

Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - CESifo - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual’s decision to start a business is determined by his...

Persistent link: https://www.econbiz.de/10005094224

List of suggestions for behavioural elements in the macroeconomic model

Gazheli, Ardjan; Antal, Miklós; Bergh, Jeroen van den - WWWforEurope - 2013

Traditional economic theory describes economic agents as being perfectly rational. According to this approach, agents posses all necessary information and have the ability to process this information to make the best decision for maximizing their profit. However, in the real world this...

Persistent link: https://www.econbiz.de/10010678236

Policy responses by different agents/stakeholders in a transition: Integrating the Multi-level Perspective and behavioral economics

Gazheli, Ardjan; Antal, Miklós; Drake, Ben; Jackson, Tim; … - WWWforEurope - 2013

This short paper considers all possible stakeholders in different stages of a sustainability transition and matches their behavioral features and diversity to policies. This will involve an assessment of potential or expected responses of stakeholders to a range of policy instruments. Following...

Persistent link: https://www.econbiz.de/10011163463

Immigration and Entrepreneurship

Fairlie, Robert W.; Lofstrom, Magnus - CESifo - 2015

Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This …

Persistent link: https://www.econbiz.de/10011257678