of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …

deemed to be of particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the …, considerable differences remain. These constitute the basis for the concluding policy discussion. -- Entrepreneurship ; Innovation …

); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

; creativity ; innovation …

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who …

. The results show that the literature leans towards Schumpeter (1942); innovation returns are modeled as following an ex … ante known probability distribution. By assuming that the outcomes of innovation activities are (probabilistically …