destruction by increasing the entrepreneurial effort allocated to high-quality invention projects. Using detailed data on patents … under bidding competition. -- Acquisitions ; Entrepreneurship ; Innovation ; Start-ups ; Patent ; Ownership ; Quality …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we …

Patents lead to ex-post dead-weight losses arising from a non-competitive market structure for the invention. Many have …

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active … venture capitalists increases the incentives for entrepreneurial innovations. -- venture capitalists ; innovation …

We study the interaction between supply- and demand-side factors and its effect on innovation. Employing a quasi …-natural experiment, we show that a shift in demand has an impact on innovation and this effect is conditional on an enabling supply … medical devices. Using a triple-difference approach, we find that innovation is significantly greater for medical device firms …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …

. However, the best strategy for innovative entrepreneurs might be to make an early entry to signal innovation quality and …