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The Effects of Entry on Incumbent Innovation and Productivity
Aghion, Philippe - 2006
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …
Persistent link: https://www.econbiz.de/10012466642
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What is a Patent Worth? Evidence from the U.S. Patent “Lottery”
Farre-Mensa, Joan - 2017
quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …
Persistent link: https://www.econbiz.de/10012455413
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The State of American Entrepreneurship : New Estimates of the Quantity and Quality of Entrepreneurship for 15 US States, 1988-2014
Guzman, Jorge - 2016
While official measures of business dynamism have seen a long-term decline, early-stage venture financing of new companies has reached levels not observed since the late 1990s, resulting in a sharp debate about the state of American entrepreneurship. Building on Guzman and Stern (2015a; 2015b), this...
Persistent link: https://www.econbiz.de/10012456579
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"Success Taxes," Entrepreneurial Entry, and Innovation
Gentry, William M. - 2004
Interest in the role of entrepreneurial entry in innovation raises the question of the extent to which tax policy … innovative entrepreneurs confounds interpreting this specification. Using education as a measure of potential for innovation, we …
Persistent link: https://www.econbiz.de/10012468142
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Fire in the Belly? Employee Motives and Innovative Performance in Startups versus Established Firms
Sauermann, Henry - 2017
concerned with the supply of human capital to entrepreneurship and innovation …
Persistent link: https://www.econbiz.de/10012455582
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Dynamic R&D Choice and the Impact of the Firm's Financial Strength
Peters, Bettina - 2016
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...
Persistent link: https://www.econbiz.de/10012456639
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Vertical Externalities in Tax Setting : Evidence from Gasoline and Cigarettes
Besley, Timothy J. - 1999
A common feature of federal systems is that tax bases are joint property. Consequently, state and federal tax setting decisions are interdependent. Our aim here is to put forward a rudimentary theoretical analysis of this phenomenon, and to use the theory as a framework for econometrically...
Persistent link: https://www.econbiz.de/10012471813
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Health Insurance and the Obesity Externality
Bhattacharya, Jay - 2005
If rational individuals pay the full costs of their decisions about food intake and exercise, economists, policy makers, and public health officials should treat the obesity epidemic as a matter of indifference. In this paper, we show that, as long as insurance premiums are not risk rated for...
Persistent link: https://www.econbiz.de/10012467150
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Externalities and Growth
Klenow, Peter J. - 2004
Externalities play a central role in most theories of economic growth. We argue that international externalities, in … have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating …
Persistent link: https://www.econbiz.de/10012467678
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Are There Civic Returns to Education?
Dee, Thomas S. - 2003
these externalities exist. I assess and implement two strategies for identifying the effects of educational attainment. One …
Persistent link: https://www.econbiz.de/10012469111