. Basic research is a public good that benefits innovating entrepreneurs, but its provision and financing also affect the … entire economy -- in particular, occupational choices of potential entrepreneurs, wages, dividends, and aggregate output. We … induce a significant proportion of agents to become entrepreneurs, thereby rationalizing substantial investments in basic …

entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to … induce a significant share of agents to become entrepreneurs, thereby rationalizing substantial investments in basic research …