This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers search cost is high, the cost of development or commercialization is lower for a start-up, or the inventors effort cost in development is lower in a start-up.
This paper uses 2004 survey data from the 15 old EU member states and the US to explain country differences in latent and actual entrepreneurship. A comparison is made with results using a similar survey in 2000.
The paper makes three contributions to the economics literature on entrepreneurship. The authors outline an econometric methodology to account for this approach and find that it is superior to probit/logit models which have dominated the literature.
After briefly delving for the concept of entrepreneurship in the work of Schumpeter, Kirzner, and (especially) Knight, the paper makes the case for the entrepreneurial theory of the firm. In such a theory, the firm exists as the solution to a coordination problem in a world of change and uncertainty, including Knightian or structural uncertainty.
The aim of this paper is to review recent contributions to the study of entrepreneurship and firm dynamics from a methodological and firm demographic perspective.
This paper considers the U.S. Small Business Innovation research program as a policy fostering academic entrepreneurship. The authors highlight two main characteristics of the program that make it attractive as an entrepreneurship policy: early-stage financing and scientist involvement in commercialization.
This paper develops the theoretical foundation to the questions, how do firms that compete in different environments vary in the corporate entrepreneurship activities? and, which corporate entrepreneurship activities are conductive to superior performance in different environments?
The purpose of the paper is to identify the new understanding about the role that entrepreneurship and small firms play with respect to technological change and innovation and to contrast it with previous convential wisdom.
The purpose of the paper is to investigate two sets of assumption about the nature of opposites, the nature of entrepreneurs, and the nature of the decision making context within which entrepreneurs operate.
This introductory, non-technical, article offers a reflective overview of what economics adds to our understanding of entrepreneurship. It is designed primarily to showcase to young entrepreneurship scholars several interesting research questions and a toolbox of methods to answer them.