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The Geography of Crowdfunding
Agrawal, Ajay K. - 2014
Perhaps the most striking feature of "crowdfunding'' is the broad geographic dispersion of investors. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting that connects...
Persistent link: https://www.econbiz.de/10013069152
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Entrepreneurial Innovations in Network Industries
Norbäck, Pehr-Johan - 2014
In this paper, we study entrepreneurial innovations in an industry characterized by network effects. We show that the presence of network externalities tends to make the entrepreneur prefer sale to entry. Moreover, we also show that the incentive to innovate for entry decreases when network...
Persistent link: https://www.econbiz.de/10012708688
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High-Technology Entrepreneurship in Silicon Valley Opportunities and Opportunity Costs
Fairlie, Robert W.; Chatterji, Aaron - 2013
market. A new measure of entrepreneurship derived from matching monthly files from the Current Population Survey (CPS) is … used to provide the first test of the hypothesis that entrepreneurship rates were high in Silicon Valley during the … on only hi-tech industries. Estimates from the matched CPS data indicate that hi-tech entrepreneurship rates were lower …
Persistent link: https://www.econbiz.de/10014213797