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By Enrico Santarelli

Entrepreneurship, progress and Innovation presents accomplished perception into the economics of entrepreneurship, claiming that this lately validated self-discipline should still identify a framework of study that integrates the certainty of the determinants and the results of either entrepreneurship and innovation with no neglecting the functioning of the incentive mechanisms. For this objective, the e-book combines theoretical prescriptions and foreign empirical proof. Contributions by means of the very best recognized students within the box of the economics of entrepreneurship and innovation examine even if the interrelationships among the forces that impact company and dynamics and eventually make sure fiscal development are topic to alter throughout nations and over the years. The research of other nationwide instances places ahead that the connection among entrepreneurship and progress through innovation is formed by means of the context of country-specific associations and industries, thereby offering tricks for commercial and innovation policy.

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Extra info for Entrepreneurship, Growth, and Innovation: The Dynamics of Firms and Industries (International Studies in Entrepreneurship)

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1991), Sunk Costs and Market Structure (Price Competition, Advertising, and the Evolution of Concentration), Cambridge (MA), The MIT Press. Winter, S. , G . Dosi and Y. M. Kaniovski (2000), "Modelling Industrial Dynamics with Innovative Entrants", Structural Change and Economic Dynamics, 11(3), 255-293. Winter, S. , G. Dosi and Y. M. Kaniovski (2003), "A Baseline Model of Industry Evolution", Journal of Evolutionary Economics, 13(4), 355-383. Chapter 2 INDUSTRY DYNAMICS A LA STACKELBERG WITH STOCHASTIC CAPITAL ACCUMULATION Luca Lambertini University of Bologna 1.

This implies that Gibrat's Law cannot be regarded as a Law in the strict sense, given that heterogeneous patterns of behavior do emerge across industries and size classes. S. manufacturing industries (Steel, Petroleum refining and Rubber tire) are observed; In each industry several periods of some 10 years between 1916 and 1957 are considered. RESEARCH METHODS - The distributions of growth rates for several size classes are compared. MAJOR FINDINGS - Gibrat's Law is rejected in 7 out of 10 cases; Smaller firms are more likely to leave the industry.

Aumann and S. 2, ch. 23, 801-825. Dockner, E. J, S. Jmgensen, N. Van Long and G. Sorger (2000), Dzxerential Games in Economics and Management Science, Cambridge, Cambridge University Press. Dowrick, S. (1986), "von Stackelberg and Coumot Duopoly: Choosing Roles", RAND Journal of Economics, 17(2), 251-260. Ericson, R. and A. Pakes (1995), "Markov-Perfect Industry Dynamics: A Framework for Empirical Work", Review of Economic Studies, 62(1), 53-82. Fershtman, C. and E. Muller (1984), "Capital Accumulation Games of Infinite Duration", Journal of Economic Theoly, 33(3), 322-339.

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