. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model. …

that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market … destruction by increasing the entrepreneurial effort allocated to high-quality invention projects. Using detailed data on patents … granted to small firms and individuals, we find evidence that high-quality inventions are often sold, and that they are sold …

that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market … destruction by increasing the entrepreneurial effort allocated to high-quality invention projects. Using detailed data on patents … granted to small firms and individuals, we find evidence that high-quality inventions are often sold, and that they are sold …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …

. -- Entrepreneurship ; Innovation ; Start-ups ; Ownership ; Breakthrough ; Quality …. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we find evidence … that high-quality inventions are sold under bidding competition. Asymmetric information problems are shown to be solved by …

business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. We develop a regression framework to test empirical predictions of the model. Within our …