Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … existing knowledge is supplemented by the idea that markets are also most effectively creating new knowledge. However, in his … assessment Hayek neglects the role of new technological knowledge. He ignores that the discovery procedure induces not only price …

Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not … ― in terms of an investor's required share of equity ― that increases in the level of radical innovation. Financiers with … tolerant. Since policies to stimulate innovation must often be set before specific investments in innovative projects are made …

James M. Buchanan revisited his mentor's famous 1923 essay “The Ethics of Competition” in an essay written for the …

Research on sustainability and innovation-driven economic growth has exposed a lack of sufficient knowledge in the … governance literature about the appropriate extent of government involvement. This paper focuses on the governance of innovation … the concept of intermediation in the innovation process. The paper employs the Triple Helix model, which describes …

knowledge and entrepreneurial activity that is negatively moderated by localized competition. We also find that greater … agglomeration counteracts the moderating effect localized competition has on the relationship between new knowledge and …The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with …

of human resources, namely innovation and the influence of motivation. Research methodology - This research was conducted … study results show that Human Resource Innovation is proven to affect the ability of the Palu Fried Onions MSMEs. Research … of human resources, specifically innovation and motivation, and does not explore other potential factors that might …

structural competition across industries while admitting little if any variation in the type of R&D …

: disruptive innovation that provides opportunities for entry; competition from online platforms that have secured a toehold in one … the economics, technology, and history of online competition. Online platforms face dynamic competition as a result of … firms competing for consumer attention and advertiser dollars. The last two decades of online platform competition …