We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

use of the Doing Business database, we find, consistent with our theory, evidence that international openness reduces …

Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory … more important when there is an increase in network effects. A consequence is higher innovation incentives under an … reducing bidding competition, thereby also reducing acquisition prices and innovation incentives. …

' signaling-driven investment, despite the risk of buying a bad innovation. We nally show at what point the presence of active …

We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …