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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
where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …
Persistent link: https://www.econbiz.de/10005419514
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
We provide a cultural explanation to the phenomenon of corruption in the framework of an overlapping generations model with intergenerational transmission of values. We show that the economy has two steady states with different levels of corruption.
Persistent link: https://www.econbiz.de/10005670116
the distribution of ethics in the population and on expectations about future policies. We propose some policy …
Persistent link: https://www.econbiz.de/10005419498
This paper analyzes the interplay between economic incentives and social norms in a public finance context. We assume that to live one's own work is a social norm, and that the larger the population fraction adhering to this norm, the more intensely it is felt by the individual.
Persistent link: https://www.econbiz.de/10005639317
This paper analyzes the interplay between economic incentives and social norms in a public finance context. We assume that to live off one's own work is a social norm, and that the larger the population fraction adhering to this norm, the more intensely it is felt by the individual. It is shown...
Persistent link: https://www.econbiz.de/10010600191
-rational modes underlie both the erratic perturbations of entrepreneurship and the systematic waves of diffusion they initiate which … possible by financial intermediation. They imply asymmetric changes in individual welfare. The markets for entrepreneurship …
Persistent link: https://www.econbiz.de/10011019055
It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...
Persistent link: https://www.econbiz.de/10011211884