) Entrepreneurship distributed in systems of innovation, 3) Entrepreneurs changing selection criteria, and 4) Rationality vs. uncertainty …

-Austrian notion of market process. It gives a formalization of the succession innovation-structural organization and its endogenous … mechanism, crucial to explain economic growth and development. More in particular, the essay gives an explanation of innovation … shows that a representation of this dynamic competition process cannot do without some appropriate development on …

entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation …-to-the-market innovation but has no effect on the relationship between knowledge and new-to-the-firm innovation. Our results using European … chances that knowledge will become new-to-the-market innovation. The findings highlight the importance of Schumpeterian …

Announcements as a measure of innovation, we find that industries dominated by small firms prove consistently and significantly more … innovative than industries where large firms dominate. Taking account of industries’ structural and dynamic levels of competition …