growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship … investments can be targeted to those new innovative firms. We conclude that technology innovation is a market event, not a …

evidence from a laboratory experiment. In a creative real effort task simulating the innovation process, two distinct means of …

How far should an industry be allowed to consolidate when competition and innovation are endogenous? We develop a … between competition and innovation, with heterogeneity across time and productivity. Our counterfactual simulations suggest …