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We study how barriers to competition---such as restrictions to business start-up and strict enforcement of covenants or IPR---affect the investment in knowledge capital when contracts are not enforceable. These barriers lower the competition for human capital and reduce the incentive to...
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1. Innovation, entrepreneurship and culture, a matter of interaction between technology, progress and economic growth …? : an introduction -- 2. Conceptualizing innovation management and culture in the Hong Kong Special Administrative Region … European integration -- 5. Schumpeter's theory of economic development revisited -- 6. Skunk works : a sign of failure, a sign …
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We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced …. 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 …
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