increase the price for basic innovations, thereby triggering more basic innovations by entrepreneurs. Consequently, the …

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire …

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

inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect …

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well …. When unique attributes of entrepreneurship are taken into account, some major conclusions of capital taxation models no …

Despite the central role played by human capital in entrepreneurship, little is known about how employees in …

and a heavier tax burden for entrepreneurs have played a key role. …