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

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

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … tax system induce entrepreneurs to choose projects with too little risk and this problem arises primarily when … entrepreneurs market their product themselves. When innovations reduce only the fixed costs of production this leads to a …

Evasive entrepreneurs innovate by circumventing or disrupting existing formal institutional frameworks by evading them …

change. Through their actions, entrepreneurs have a fundamental influence on institutions, whether they abide by them …

entrepreneurial ecosystems emerged through actions by business entrepreneurs, rather than being designed by policymakers …. Schumpeterian entrepreneurs not only create new companies; they also create new institutions as an integral part of the … restructuring process. At times, efforts of identifiable entrepreneurs are crucial, while in other instances institutional change …

beneficial, but when they take the form of innovations introduced by entrepreneurs, they can be a powerful source of economic and …