We develop a model in which stronger protection of intellectual property rights has an inverted U-shaped effect on innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial exploration that would otherwise accrue to the...

Entrepreneurship is generally regarded as a force of change, innovation, and development in modern economies. Entrepreneurs bring new and better products to markets, restore allocative efficiency through arbitrage and reinvest their profits. However, it has been argued that the same energy and...

Being a "jack-of-all-trades" increases the probability of running an entrepreneurial venture successfully; but what happens to "jack-of-few-trades" who lack sufficient skills? This paper investigates a possible compensation mechanism between balanced skills and cities, and how this compensatory...

Entrepreneurship, Gründungen, Marktdynamik -- Unternehmerische Selbständigkeit, Gründungsgeschehen und Marktdynamik in Deutschland -- Entrepreneurial Choice: Wer gründet ein Unternehmen? Merkmale von Gründern -- Entrepreneurship als Prozess -- Gründungsfinanzierung --...