paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

option of selling to an incumbent increases innovation incentives for entrepreneurs when network effects are strong and … necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the … entrepreneur has strong incentives to invest in the initial user base of the innovation. …

populations. First, more that demonstrating the importance of cultural diversity for entrepreneurship, we show that the type of …

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across … grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001 …

The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is … technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational … innovation in countries with low EPL. …

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning …