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Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of...
Persistent link: https://www.econbiz.de/10013210119
-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 …
Persistent link: https://www.econbiz.de/10012599280
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 …
Persistent link: https://www.econbiz.de/10012466642
Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … for the management of creative workers and for the implementation of competitive procurement mechanisms for innovation …
Persistent link: https://www.econbiz.de/10012480710
enormously valuable for innovation and growth, but can impede heterodox thinking and imagination; c) large-firm R&D requires …This paper explores the following hypotheses on the appropriate education for innovating entrepreneurship: a … are effective, we know little about training for the critical task of breakthrough innovation …
Persistent link: https://www.econbiz.de/10012468115
effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10012461940
We identify novel technologies using textual analysis of patents, job postings, and earnings calls. Our approach enables us to identify and document the diffusion of 29 disruptive technologies across firms and labor markets in the U.S. Five stylized facts emerge from our data. First, the...
Persistent link: https://www.econbiz.de/10012599289
This paper models the adoption by established firms of technologies that are internally disruptive in that different parts of an organization stand to lose or gain from adoption. When agents disagree with a decision they impose costs on the firm. The paper shows that any resistance to change...
Persistent link: https://www.econbiz.de/10013210120
exits by conglomerates, and higher yields on bonds issued by the firms in these industries. Overall, we find that disruption …
Persistent link: https://www.econbiz.de/10013172189
innovation literature. Using an NPE-derived dataset with patent-specific revenues we find that the relationship of citations to … behind it. We attempt to explain this relationship with a simple model of innovation, allowing for both productive and … findings have important implications for our basic understanding of growth, innovation, and intellectual property policy …
Persistent link: https://www.econbiz.de/10012128360