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Why big data can make creative destruction more creative - But less destructive
Norbäck, Pehr-Johan; Persson, Lars - 2023
preferable since it stimulates creative entrepreneurship …
Persistent link: https://www.econbiz.de/10014542206
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Verifying high quality: Entry for sale
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2017
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
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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
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan - 2020
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
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Verifying High Quality : Entry for Sale
Norbäck, Pehr-Johan - 2020
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
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Why Entrepreneurs Choose Risky R&D Projects ‒ But Still Not Risky Enough
Färnstrand Damsgaard, Erika - 2012
. 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
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Two sides to the evasion: The pirate bay and the interdependencies of evasive entrepreneurship
Elert, Niklas; Henrekson, Magnus; Lundblad, Joakim - 2016
conceptual model to illustrate and map the interdependence between evasive entrepreneurship and the regulatory response it …, yet its founders became convicted criminals because of it. Applying the evasive entrepreneurship framework to this case … improves our understanding of the relationship between policymaking and entrepreneurship in the digital age, and is a first …
Persistent link: https://www.econbiz.de/10011442487
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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
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The Political Economy of Entrepreneurship
Douhan, Robin; Henrekson, Magnus - 2007
entrepreneurship/small business, public choice and new institutional economics. The entrepreneurial function is shown to depend … influenced by entrepreneurs. A typology of entrepreneurship is developed to further our understanding of the bilateral effects …
Persistent link: https://www.econbiz.de/10010320051
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Entrepreneurship and Institutions
Henrekson, Magnus - 2007
policies, taxation and the regulation of labor markets. Institutions have far-reaching effects on entrepreneurship, and they … entrepreneurship to the institutional setup it is maintained that in-depth analyses of specific institutions are required in order to … further our understanding of the determinants of entrepreneurial behavior and the economic effects of entrepreneurship. The …
Persistent link: https://www.econbiz.de/10010320095