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preferable since it stimulates creative entrepreneurship …
Persistent link: https://www.econbiz.de/10014542206
When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for own entry. Inventors who sell post-entry use entry to credibly reveal...
Persistent link: https://www.econbiz.de/10011917062
. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model …
Persistent link: https://www.econbiz.de/10013097603
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10012826395
When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for entry. Inventors who sell post-entry use entry to credibly reveal information...
Persistent link: https://www.econbiz.de/10012830529
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
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 … entrepreneurship. …
Persistent link: https://www.econbiz.de/10011917020
to promote entrepreneurship, innovation and growth. …
Persistent link: https://www.econbiz.de/10011917026
The interplay between entrepreneurship and institutions is crucial for economic development; however, the view that … causality is bidirectional, in that entrepreneurship is also, for better or for worse, one of the main drivers of institutional …, actively try to alter them, or evade them. Particular attention is given to evasive entrepreneurship, an entrepreneurial …
Persistent link: https://www.econbiz.de/10011917029
We examine whether Europe has an "entrepreneurship deficit" compared to other industrialized regions. Cross …-country comparisons are difficult due to the lack of standard empirical definitions of entrepreneurship. Measures focusing on small … business activity and startup rates suggest that Europe has the same or higher rates of entrepreneurship than the U.S. and East …
Persistent link: https://www.econbiz.de/10011917046