. 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 …

contrarian, whereas public policy has a bias toward incremental innovation and replication of past success. If central planners … knew what the next radical innovation would be, there would be no need for Schumpeterian entrepreneurs. Schumpeterian … are too complex to design, and central planning instead reduces the space for organic institutional innovation. …

Innovation often takes place in entrepreneurial ecosystems. We use the history of the Silicon Valley venture capital …

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

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

cost-efficient, long-term improvements, we identify the school system's capacity for knowledge-enhancing innovation as … considering evidence from regular markets that competition and the presence of for-profit actors should spur innovation. Our … analysis suggests that these factors are necessary but not sufficient conditions for innovation, tracing the obstacles to …

widely recognized that the supply of entrepreneurial talent is likely to be important for economic growth, innovation and job …