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 … them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in …

where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active …

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 … entrepreneurial effort, entrepre-neurial innovation and capital investment. Because of these constraints, the entrepreneurial project …

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire … sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … tax system induce entrepreneurs to choose projects with too little risk and this problem arises primarily when …

institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by … supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by … institutions—entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and …

deemed to be of particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the … economy. Particular aspects of entrepreneurship and economic dynamism are covered by pairs (or in one case three) coauthors …