Technology-based industries have come to account for ever-greater shares of economic activity during the last 30 years. Recently, rapid, digitally-enabled technological change has generated new opportunities for value creation, enabled new ways of capturing value, and stimulated the emergence of...

Part I: Entrepreneurship and entrant-incumbent dynamics. Negotiating for the market / Joshua S. Gans -- Innovation policies / Ramana Nanda and Matthew Rhodes-Kropf -- Nuanced role of relevant prior experience: sales takeoff of disruptive products and product innovation with disrupted technology...

When should an entrepreneur employ a market to help discover and exploit opportunities, and when should the entrepreneur create a firm to do so? If a firm is created, how should it be organized? In this paper we argue that opportunities equate to valuable problem-solution pairings, and that...