growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active …

of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …

Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change (Princeton University Press, 2013). The book is … laudable for its emphasis on innovation, for its discussion of what constitutes a good life, and Phelps' realization that true … the lack of empirical indicators actually showing that the rate of innovation has dropped are significant weaknesses …

prerequisite for innovation and entrepreneurship. This is done by putting the spotlight on the role that formal and informal … institutions often act as impediments to entrepreneurship and innovation. We argue that a common yet underappreciated source of …

It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and … to promote entrepreneurship, innovation and growth. …

function which, until recently, has been an underappreciated and poorly understood source of innovation and institutional …