We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …

top 1%. In this paper we argue that the growing importance of digital innovation - new products and processes based on … Schumpeter's vision, digital innovation gives rise to "winner-take-all" market structures, characterized by higher market power … digital non-rivalry, which allows for massive economies of scale and reduces costs of innovation. The latter stimulates higher …

-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship …, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …

documents the evolving roles of innovation and entrepreneurship in the energy sector. First, we provide an overview of the …Historically, innovation in the energy sector proceeded slowly and entrepreneurial start-up firms played a relatively …, integrating intermittent resources creates additional grid management challenges, requiring further innovation. This chapter …

This is an introduction to the forthcoming volume "The Role of Innovation and Entrepreneurship in Economic Growth." The … chapters collected in this volume seek to answer the following questions: What is the relationship between innovation/entrepreneurship … and economic growth in specific industrial sectors? How has the relationship between innovation /entrepreneurship and …

employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify … that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees …, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …

Interest in the role of entrepreneurial entry in innovation raises the question of the extent to which tax policy … entry, the progressivity of the tax also discourages entrepreneurship, and significantly so for some groups of households … innovative entrepreneurs confounds interpreting this specification. Using education as a measure of potential for innovation, we …