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by spinoffs does, indeed, have a positive impact on incumbent innovation. -- Innovation ; entry ; spinoff …This paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants … incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities …
Persistent link: https://www.econbiz.de/10003796315
project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …
Persistent link: https://www.econbiz.de/10009530995
project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …
Persistent link: https://www.econbiz.de/10013091094
Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic...
Persistent link: https://www.econbiz.de/10010270589
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show … under bidding competition. -- Acquisitions ; Entrepreneurship ; Innovation ; Start-ups ; Patent ; Ownership ; Quality …
Persistent link: https://www.econbiz.de/10003843246
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … are shown to be solved by verification through entry for sale …
Persistent link: https://www.econbiz.de/10012826395
We propose a novel model of knowledge discovery shedding light on the emergence of General Purpose Technologies (GPTs), the process which has been largely neglected in the literature on technological change. We demonstrate that GPTs emerge only when certain conditions with regard to the...
Persistent link: https://www.econbiz.de/10011557196
innovation efforts; however, under certain market structure conditions, they also encourage entry to the R&D race. Tax incentives … firms' equilibrium market revenues, we derive numerical solutions of the Markov perfect equilibrium innovation rate of the … important role in evaluating the impact of rising income inequality on R&D; furthermore, the way aggregate innovation responds …
Persistent link: https://www.econbiz.de/10013142385
This paper is about the impact of clusters on entrepreneurship at the regional level. Defining entrepreneurship as the creation of new organisations and clusters as a geographically proximate group of interconnected firms and associated institutions in related industries, this paper aims to...
Persistent link: https://www.econbiz.de/10014160113
In this paper we try to put together both the dynamics of the endogenous evolution of an industry and the corresponding dynamics on the capital market. The first module of our modelling efforts is the endogenous evolution of the industry based on the micro-behaviour of boundedly rational agents....
Persistent link: https://www.econbiz.de/10010263021