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008 130418s2014||||enk o ||1 0|eng|d
020 _a9781107239012 (ebook)
020 _z9781107047259 (hardback)
020 _z9781107668119 (paperback)
040 _aUkCbUP
_beng
_erda
_cUkCbUP
050 0 0 _aHB615
_b.S696 2014
082 0 0 _a338/.04
_223
100 1 _aSpulber, Daniel F.,
_eauthor.
245 1 4 _aThe innovative entrepreneur /
_cDaniel F. Spulber, Northwestern University.
264 1 _aCambridge :
_bCambridge University Press,
_c2014.
300 _a1 online resource (xviii, 365 pages) :
_bdigital, PDF file(s).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505 8 _aMachine generated contents note: 1. Introduction; 2. Entrepreneurial motivation: maximizing life-cycle utility; 3. Innovative advantage: entrepreneurial initiative and incumbent inertia; 4. Competitive pressures and entrepreneurial incentives to innovate; 5. Creative destruction: transaction costs and intellectual property rights; 6. Creative destruction: making new combinations; 7. Creative destruction: tacit knowledge; 8. Creative destruction: asymmetric information; 9. The wealth of nations: international trade and investment; 10. Conclusion.
520 _aInnovative 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.
650 0 _aEntrepreneurship.
_959663
650 0 _aCreative ability in business.
_959504
776 0 8 _iPrint version:
_z9781107047259
856 4 0 _uhttps://doi.org/10.1017/CBO9781107239012
907 _a.b16845584
_b2020-12-22
_c2020-12-22
942 _n0
998 _a1
_b2020-12-22
_cm
_da
_feng
_genk
_y0
_z.b16845584
999 _c651901
_d651901