Considerable debate surrounds the concept of entrepreneurial opportunities. This paper contributes to the discussion by bringing in concepts and findings from evolutionary economics. It makes three points. First, adopting an evolutionary market process perspective sheds new light on the nature...

We experimentally test the effect of enforceable non-compete clauses on working efforts. The employee can invest into the probability of making a profitable innovation. After a successful innovation (Win) the employee may want to leave the firm (Shift) whereas after an innovation failure (Lose)...

Scientific management is the label Frederick Taylor attached to the system of management devised by him. In this article we present our discovery of very different scientific management principles that were developed roughly concurrently with Taylorism by German physicist Ernst Abbe, then owner...