where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …

. The results show that the literature leans towards Schumpeter (1942); innovation returns are modeled as following an ex … ante known probability distribution. By assuming that the outcomes of innovation activities are (probabilistically …

entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation … entrepreneurship in the process of the commercialization of knowledge. We discuss the implications for entrepreneurship and innovation …The knowledge spillover theory of entrepreneurship seeks to explain the fundamentals and consequences of …

“cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …

be left behind with technological innovation in the economy. We show that the market mechanism with technological … innovation unavoidably leaves some individuals behind. We extend this negative result to a broader class of resource allocation …

the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …