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 …

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 …

This paper analyzes the effect of an increase in patent scope on R&D and innovation. It presents a model where patent … duplication of R&D. The model predicts that an increase in patent scope can increase the probability of innovation if the … incumbent’s profit increase from innovation is large and the patented technology has a small advantage over the alternative …

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 …