The Innovative Entrepreneur

The Innovative Entrepreneur

252 Lei (TVA inclus)
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Cod produs/ISBN: 9781107668119

Disponibilitate: La comanda in aproximativ 4 saptamani

Limba: Engleza

Nr. pagini: 380

Coperta: Paperback

Dimensiuni: 15.2 x 2 x 22.8 cm

An aparitie: 2014

Innovative entrepreneurs are the prime movers of the economy. The innovative entrepreneur helps to overcome two types of institutional friction. 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.
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An aparitie 2014
Autor Daniel F. Spulber
Dimensiuni 15.2 x 2 x 22.8 cm
Editura Cambridge University Press
Format Paperback
ISBN 9781107668119
Limba Engleza
Nr pag 380

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