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What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies....
Persistent link: https://www.econbiz.de/10008530366
Our analysis starts from the observation that with progressive consolidation in retailing and the spread of private labels, retailers increasingly take over functions in the vertical chain. Focusing on innovation, we isolate various reasons for why when a large retailer grows in size, this can...
Persistent link: https://www.econbiz.de/10011118520
, regulation should impose increasing penalties as innovation becomes more dangerous. If fines are bounded by limited liability …
Persistent link: https://www.econbiz.de/10010577635
study the effect of a net neutrality regulation on capacity investments in the market for Internet access, and on innovation …
Persistent link: https://www.econbiz.de/10010826216
The EU mandated a single standard for second generation wireless telecommunications, whereas the US allowed several incompatible standards to battle for market share. Motivated by this example, we argue that a single standard leads to a free riding problem, and thus to a significant decrease in...
Persistent link: https://www.econbiz.de/10011051662
study the effect of a net neutrality regulation on capacity investments in the market for Internet access, and on innovation …
Persistent link: https://www.econbiz.de/10011083479
Entrepreneurship policy mainly aims to promote innovative “Schumpeterian” entrepreneurship. However, the rate of entrepreneurship is commonly proxied using quantity-based metrics, such as small business activity, the self-employment rate or the number of startups. We argue that those metrics...
Persistent link: https://www.econbiz.de/10010818543
In this paper, we argue that evasive entrepreneurship is an important source of innovation in the economy. Institutions may prevent or raise the cost of exploiting business opportunities, which can trigger evasive behavior because an entrepreneur may earn large rents by circumventing...
Persistent link: https://www.econbiz.de/10011074887
The overwhelming majority of self-employed individuals are not entrepreneurial in the Schumpeterian sense. To unmistakably identify Schumpeterian entrepreneurs, we focus on self-made billionaires (in USD) from the Forbes Magazine list who became wealthy by founding new firms. In this way, we...
Persistent link: https://www.econbiz.de/10011095045
In this paper we study the effects of the changes in the level of product market regulation on the industry …&D budgets and EPO patent applications from IEA and Eurostat Databases and indexes of market regulation conditions from OECD, in … of market regulation intensity is based on the aggregation of three factors that capture respectively entry barriers …
Persistent link: https://www.econbiz.de/10011148658