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Improved Framework Conditions for a More Entrepreneurial, Innovative and Sustainable EU

Elert, Niklas; Henrekson, Magnus - 2021

effort requires extensive and broad-based institutional reforms aimed at strengthening the incentives for entrepreneurship …. Innovative entrepreneurship requires collaborations with numerous agents that provide those skills and resources that the … markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe’s innovation capacity at a …

Persistent link: https://www.econbiz.de/10013236458

Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process

Fabrizi, Simona - 2009

In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed...

Persistent link: https://www.econbiz.de/10012719493

The Collaborative Innovation Bloc : A New Mission for Austrian Economics

Elert, Niklas - 2018

innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an …

Persistent link: https://www.econbiz.de/10012916390

Collaborative Innovation Blocs and Antifragility

Elert, Niklas - 2020

We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive,...

Persistent link: https://www.econbiz.de/10012846663

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - 2006

We show that, in the case when innovations are for sale, increased product market competition, captured by reduced product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on the acquisition price which, in turn, might increase...

Persistent link: https://www.econbiz.de/10010320042

The Inventor’s Role : Was Schumpeter Right?

Braunerhjelm, Pontus - 2020

According to Schumpeter, the creative process of economic development can be divided into the three distinguishable stages of invention, innovation (commercialization) and imitation. Following this theory, invention and innovation require different skills. This paper tests whether the invention...

Persistent link: https://www.econbiz.de/10012825157