inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect …

inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have …. However, entrepreneurs may still select too safe projects from a social point of view, since they do not internalize the …