Entrepreneurship, Growth, and Innovation The Dynamics of Firms and I
What is the economics of entrepreneurship about? Entrepreneurship, Growth and Innovation aims at giving a comprehensive answer to this question, claiming that this recently established discipline should focus on the development of a framework of analysis
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INTERNATIONAL STUDIES IN ENTREPRENEURSHIP Series Editors: Zoltan J. Acs University of Baltimore Baltimore, Maryland USA David B. Audretsch Max-Planck-Institutefor Research into Economic Systems Jena, Germany
Other books in the series: Black, G. The Geography of Small Firm Innovation Tubke, A. Success Factors of Corporate Spin-offs Corbetta, G., Huse, M., Ravasi, D. Crossroads of Entrepreneurship Hansen, T., Solgaard, H.S. New Perspectives in Retailing and Store Patronage Behavior Davidsson, P. Researching Entrepreneurship Fomahl, D., Audretsch D., Zellner, C. The Role of Labour Mobility and Informal Networks for Knowledge Transfer Audretsch D., Grimm, H., Wessner, C. Local Heroes in the Global Village Landstrom, H. Pioneers in Entrepreneurship and Small Business Research Lundstrom, A., Stevenson, L. Entrepreneurship Policy: Theory and Practice Elfring, T. Corporate Entrepreneurship van Stel, A. Empirical Analysis of Entrepreneurship and Economic Growth Fritsch, M., Schmude, J. Entrepreneurship in the Region
ENTREPRENEURSHIP, GROWTH, AND INNOVATION THE DYNAMICS OF FIRMS AND INDUSTRIES
edited by
Enrico Santarelli University of Bologna, and Max Planck Institute of Economics, Jena
a- Springer
Library of Congress Control Number: 2006920113 ISBN-10: 0-387-28868-6 e-ISBN 0-387-32314-7 ISBN-13: 978-0387-28868-0 Printed on acid-free paper. O 2006 Springer Science+Business Media, Inc. All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, Inc., 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights.
Printed in the United States of America.
CONTENTS
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LIST OF CONTRIBUTORS ..................................................... vii INTRODUCTION Enrico Santarelli ....................................................................
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XIU
Chapter 1 A MARKET MODEL OF PERFECT COMPETITION UNDER UNCERTAINTY: HETEROGENEOUS FIRMS AND TECHNOLOGIES Yuri M. Kaniovski ................................................................... 1 Chapter 2 INDUSTRY DYNAMICS A LA STACKELBERG WITH STOCHASTIC CAPITAL ACCUMULATION Luca Larnbertini .................................................................... 23 Chapter 3 GIBRAT'S LAW: AN OVERVIEW OF THE EMPIRICAL LITERATURE Luuk Klomp, Enrico Santarelli and A. Roy Thurik ........................... 41 Chapter 4 ENTREPRENEURSHIP IN THE OLD AND NEW EUROPE Isabel Grilo and A. Roy Thurik ................................................... 75 Chapter 5 NEW FIRM FORMATION AND THE REG
