This paper investigates the composition of creative teams of academic scientists engaged in inventive activity. Our data provides a unique opportunity to explore the links between team composition and commercialization outcomes. We find that there are coordination costs associated with reaching...

The idea that local social capital yields economic benefits is fundamental to theories of agglomeration, and central to claims about the virtues of cities. However, this claim has not been evaluated using methods that permit more confident statements about causality. This paper examines what...

Feldman M. P., Francis J. and Bercovitz, J. (2005) Creating a cluster while building a firm: entrepreneurs and the formation of industrial clusters, Regional Studies39, 129-141. The objective of the paper is to provide a theoretical model of cluster development that is informed by an...

In 1976, Cambridge, MA, and Berkeley, CA, responded to concerns about the environmental effects of recombinant DNA by adopting identical biosafety ordinances. This paper explores the mediating factors that explain how scientists and entrepreneurs came to view these regulatory interventions in...

Capitalism is a powerful engine that requires finance. Private equity is part of the neoliberal transformation of capitalism that has failed the average citizen and unleashed a tsunami of leveraged acquisitions that have destroyed entire sectors of our economy. Private equity has become a...