This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...

This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...

Entrepreneurship has long been seen as a major vehicle for economic development and growth and it has attracted researchers from a variety of disciplines with very diverse analytical approaches. The vast amount of research that has been conducted so far has raised certain pertinent questions...