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 …

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 …

where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …

population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … suggest that cognitive ability is related to random decision making, rather than to risk preferences. …

This paper tests the insiders' dilemma hypothesis in a laboratory experiment. The insiders' dilemma means that a …

We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for …

We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby … bad uncontrollable luck. Instead, they condition such compensation on the agent’s decision regarding controllable luck …