Purpose: Subsequent to the First World War, the French Government regulated the Champagne industry, and locked the status of protected (and excluded) grapes into the newAppellation d’Origine Contrôléesystem, forever altering the incentives and output of wine producers. The paper aims to...

Purpose: Since the 1960s, experts have predicted that we are on the verge of curing cancer. The purpose of this paper is to explore the obstacles to progress, and to propose policies that will lead more quickly to more success. Design/methodology/approach: To speed future cures, we need to look...

Purpose: The purpose of this paper is to investigate how entrepreneurs are reacting to the recent change in patent priority rules under the America Invents Act (AIA). The authors sought to examine the relationship between a significant change in policy concerning a class of intellectual...

Purpose: The purpose of this paper is to examine the effect of CVS’s decision to stop tobacco sales on the company’s share price. Design/methodology/approach: The paper uses event study methodology to examine the same day effect of CVS’s announcement and the one-year later effect of...

Purpose: The purpose of this paper is to establish a more robust empirical support for the long established postulation by Adam Smith and Joseph Schumpeter that human capital and institutions enable Schumpeterian entrepreneurship, which, in turn, facilitates economic growth....

Purpose: The purpose of this paper is to empirically uncover the relationship between economic integration and levels of entrepreneurial activity across 24 EU countries between 2004 and 2012. The deepening of EU integration corresponds to increases in the size and competitiveness of domestic...

Purpose: The purpose of this paper is to document the changes in low- and moderate-income occupational licensing over time. Design/methodology/approach: Using US state level data, the authors document the rise in occupational licensing for low- and moderate-income occupations over the 1993-2012...

Purpose: Crowdfunding creates multifaceted benefits for different agents who all desire to extract some of these benefits. The purpose of this paper is to analyze the allocation of crowdfunding benefits among crowdfunders, entrepreneurs, and venture capitalists. Design/methodology/approach: The...

Purpose: As a component of a benefit-cost analysis into the efficacy of publicly funded facility incentives, the purpose of this paper is to examine the county-wide impact of business incubators, makerspaces and co-working spaces on employment, proprietor’s employment and the average wage per...