This study examines the impact of public subsidies, and specifically, Small Business Innovation Research (SBIR) awards … on university spinoff companies. Using unique data for a population of University of California spinoffs, we find …

that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be …

is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be persistent. This …

. We characterize the shadow value of growth and entry in the innovation sector. We find that a profit tax is required to … government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey … problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …

occupational groups. Easing the educational entry requirement has fostered self-employment significantly for less qualified … craftsmen, almost doubling the entry probability, even as exit rates remained unaffected. Weaker effects occur for other …

occupational groups. Easing the educational entry requirement has fostered self-employment significantly for less qualified … craftsmen, almost doubling the entry probability, even as exit rates remained unaffected. Weaker effects occur for other …