The innovative entrepreneur
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Author
Publication
2014 - Cambridge University Press, New York (State)
Language
English
Word Count
91,250 words, Guess
Page Count
365 pages
Identifiers
- ISBN-101107047250
- ISBN-101107668115
- ISBN-139781107047259
- ISBN-139781107668119
- Library of Congress Control Number2013044708
and 4 more
- OCLC Control Number862575453
- Better World Books9781107668119
- Better World Books9781107047259
- Open LibraryOL27178906M
Classifications
- DDC338/.04
- LCCHB615 .S696 2014
- LCCHB615.S696 2014
Description
"Innovative entrepreneurs are the prime movers of the economy. The innovative entrepreneur helps to overcome two types of institutional frictions. First, existing firms may not innovate efficiently due to incumbent inertia resulting from adjustment costs, diversification costs, the replacement effect, and imperfect adjustment of expectations. The innovative entrepreneur compensates for incumbent inertia by embodying innovations in new firms that compete with incumbents. Second, markets for inventions may not operate efficiently due to transaction costs, imperfect intellectual property protections, costs of transferring tacit knowledge, and imperfect information about discoveries. The innovative entrepreneur addresses inefficiencies in markets for inventions through own-use of discoveries and adoption of innovative ideas. The Innovative Entrepreneur presents an economic framework that addresses the motivation of the innovative entrepreneur, the innovative advantage of entrepreneurs versus incumbent firms, the effects of competitive pressures on incentives to innovate, the consequences of creative destruction, and the contributions of the innovative entrepreneur to the wealth of nations"--
Subjects
Other Editions
- The innovative entrepreneur
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