the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

industrial dynamics, articulates the role and function of entrepreneurial experimentation in innovation systems. This paper … develops the concept of ‘entrepreneurial systems of innovation' to address this gap in the literature. We argue that … conceptualized in terms of its function in innovation systems rather than as an outcome. At the systems level, the central function …

industrial dynamics, articulates the role and function of entrepreneurial experimentation in innovation systems. This paper … develops the concept of "entrepreneurial systems of innovation" to address this gap in the literature. We argue that … conceptualized in terms of its function in innovation systems rather than as an outcome. At the systems level, the central function …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …