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

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 …

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

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation … tax system induce entrepreneurs to choose projects with too little risk and this problem arises primarily when … entrepreneurs market their product themselves. When innovations reduce only the fixed costs of production this leads to a …

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 …

destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and … therefore easily fails to appreciate the true impact of entrepreneurship in real world circumstances characterized by suboptimal … institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the …

Research on entrepreneurship has received an increased amount of interest in recent years, with self-employment being … used as the most common proxy for “entrepreneurship” in empirical studies. However, there are various ways of defining self …

The International Award for Entrepreneurship and Small Business Research was instituted in 1996, and it is now firmly … further: The name is changed to The Global Award for Entrepreneurship Research, the Prize sum is roughly doubled to 100 …