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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …
Persistent link: https://www.econbiz.de/10010291511
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Acquisition for Sleep
Norbäck, Pehr-Johan; Olofsson, Charlotta; Persson, Lars - 2020
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012179894
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Acquisition for Sleep
Norbäck, Pehr-Johan - 2020
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012841590
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Does Emigration Drain Entrepreneurs?
Anelli, Massimo; Basso, Gætano; Ippedico, Giuseppe; … - 2020
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012269458
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The Impact of Entry Regulation on Total Welfare: A Policy Experiment
Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - 2013
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10010316999
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Does Emigration Drain Entrepreneurs?
Anelli, Massimo - 2020
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012829325
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Risky Business: Venture Capital, Pivoting and Scaling
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2024
rewarding strategies compared to independent startups. VC firms, by means of temporary ownership and compensation structures …
Persistent link: https://www.econbiz.de/10015047240
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Measuring the Spillovers of Venture Capital
Schnitzer, Monika; Watzinger, Martin - 2017
We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...
Persistent link: https://www.econbiz.de/10011744929
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Immigration and Entrepreneurship
Fairlie, Robert W.; Lofstrom, Magnus - 2015
Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This … attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … fundamental immigrant entrepreneurship issues as well as the empirical methods and data used. The main themes we address are …
Persistent link: https://www.econbiz.de/10010531772
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Do Mergers Among Multimarket Firms Create Value?
Linde, Sebastian; Siebert, Ralph - 2016
information on mergers and firm-level multimarket production and innovation within the semiconductor industry. Using the pairwise …
Persistent link: https://www.econbiz.de/10011555581