where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …

When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry …

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire …

Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …

are certainly not beneficial, but when they take the form of innovations introduced by entrepreneurs, they can be a …