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where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …
Persistent link: https://www.econbiz.de/10005419514
Users of the social networking service Facebook have the possibility to post status updates for their friends to read. In turn, friends may react to these short messages by writing comments or by pressing a Like button to show their appreciation. Making use of five Swedish accounts, we set up a...
Persistent link: https://www.econbiz.de/10010818392
Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research. In this essay, we present and evaluate his main contributions to the economics of entrepreneurship. The focus is on how Kirzner defines the entrepreneurial function. In order to...
Persistent link: https://www.econbiz.de/10005645371
” and “Kirznerian” entrepreneurs is flawed. He also argues that his understanding of the market process (set in motion by …
Persistent link: https://www.econbiz.de/10005645376
entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property … protection makes it more likely that entrepreneurs will commercialize by cooperating with incumbents rather than competing with …
Persistent link: https://www.econbiz.de/10009399310
entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for … their influences upon the freedoms and the incentives of entrepreneurs, and thereby upon the level of employment of … resources, this paper examines their influences upon the selection of entrepreneurs, and thereby upon the efficiency of that …
Persistent link: https://www.econbiz.de/10005190640
Attention is called to a little explored scarce resource, termed 'economic competence', which combines features of human capital and bounded rationality, and causes a singularity in resource-allocation in society. The performance of each economy is shown to strongly depend on how this resource...
Persistent link: https://www.econbiz.de/10005419543
These notes discuss some of the main results and models from the theory of international trade under imperfect competition. They are necessairy both selective and superficial. Multinationals are conspicuous by their absence, and the reader is referred to Markusen (1995) for a recent survey. Up...
Persistent link: https://www.econbiz.de/10005780372
These notes discuss some of the main results and models from the theory of international trade under imperfect competition. They are necessairy both selective and superficial. Multinationals are conspicuous by their absence, and the reader is referred to Markusen (1995) for a recent survey. Up...
Persistent link: https://www.econbiz.de/10010600195
In these simulation experiments for the Swedish economy, the impact of a future oil price shock was measured in terms of the stabilization policies required, and the possibility was evaluated of insuring against such price shocks by way of a gradually increasing oil tax.
Persistent link: https://www.econbiz.de/10010684496