In this paper I will focus exclusively on opportunity in the narrow sense and therefore on the origin of the required knowledge. For the purpose of this paper an opportunity exists when all reqiured elements of knowledge are "out there" and await the arrival of a keen entrepreneur to recognize,...

This study examines the prevalence and determinants of the commercialization of research by the top twenty percent of university scientists funded by grants from the National Cancer Institute (NCI). Because the two publicly available modes of scientist commercialization - patents and Small...

This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth distribution are more risk averse and less willing (or...