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leading to distortionary policy interventions. -- Entrepreneurial Choice ; Entrepreneurship ; Innovation ; Neoclassical …
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Entrepreneurship is largely ignored or treated in a highly simplified way in endogenous growth theory. Still, it is now … widely recognized that the supply of entrepreneurial talent is likely to be important for economic growth, innovation and job … ; Entrepreneurship ; Innovation ; Swedish model ; Welfare state …
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William J. Baumol is the 2003 winner of the International Award for Entrepreneurship and Small Business Research. Throughout his career Baumol has urged the profession to pay attention to the instrumental role of entrepreneurship in economic renewal and growth. At the same time he has insisted...
Persistent link: https://www.econbiz.de/10001782478
The availability of new internationally-harmonized innovation survey data collected from OECD countries has created … some interesting opportunities for studying the following two key areas: (1) the determinants of innovation behavior at … firm level, and (2) innovation as an important factor contributing to the economic growth. This paper looks at the …
Persistent link: https://www.econbiz.de/10001600085
Hedging risks is an important rationale for the existence of forward markets. However, Allaz and Vila (1993) show that duopolists can also have a strategic motive to sell forward, irrespective of exogenous uncertainties. Moreover, in their model the possibility of forward trading increases...
Persistent link: https://www.econbiz.de/10001693096
To the surprise of many, price deviations between markets characterized by imperfect competition have often been little affected by lower transport costs. In a Cournot model we show that if firms' decisions to segment markets are endogenous, then lower transport costs are, in many cases,...
Persistent link: https://www.econbiz.de/10001622434
In the text-book model of dynamic Bertrand competition, competing firms meet the same demand function every period. This is not a satisfactory model of the demand side if consumers can make intertemporal substitution between periods. Each period then leaves some residual demand to future...
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