-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … desire of governments to foster risky 'breakthrough' innovations. -- business taxation ; innovation ; market entry … to an incumbent firm) are endogenous. We show that government programs to support small businesses foster market entry by …

of these agreements shuts down socially profitable spinoff firms. Non-enforcement sacrifices entry of original firms that …We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …, optimal entry of original firms and all subsequent employee spinoffs is achieved, despite the fact that the original firm can …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start …

intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot … and growth carries over to the Cournot set-up. -- competition ; imitation ; innovation ; Schumpeterian growth ; sector …

unambiguously fosters innovation activity of firms, and possibly, leads to faster growth. This result rests on two premises which … for the socially optimal policy design with respect to R&D subsidies and entry incentives. …

unambiguously fosters innovation activity of firms, and possibly, leads to faster growth. This result rests on two premises which … for the socially optimal policy design with respect to R&D subsidies and entry incentives. …

This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …

. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The …