The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with more knowledge conditional on the commercialization efficiency of incumbents, which limits entrepreneurial discovery. We extend the theory to contend that localized competition...

I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...

It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection...