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The surplus that is created in a successful entrepreneurial venture is much higher than the profit corresponding to the risk-adjusted market rate of return. The part of the surplus that exceeds this level may be denoted "entrepreneurial rent." Such rents normally disappear in the long run but...
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entrepreneurs consider at each instant of time both innovation and rent-seeking as alternative sources of profit. The consequences …-seekers and the only difference is to be found in their attitude towards innovation as a source of profit. In this sense … decisions measured in units of innovation are then aggregated to calculate the innovation quantity for a given population based …
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This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs …
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Die Bewertung innovativer Wachstumsunternehmen erfährt vor dem Hintergrund der aktuellen Kapitalmarktsituation und der stockenden Exit-Optionen für den externen Investor eine exponierte Bedeutung. Der Betrachtungsschwerpunkt der vorliegenden Arbeit liegt auf dem Zusammenhang zwischen...
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framework and a test on innovation data from several European cities. This framework is mainly built on the product life …
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