Abstract Temporal considerations play a role in many models of foreign policy analysis, particularly those focused on decision-making processes. While time features prominently as background feature against which sequence, cadence and psychological consequence are measured, little attention has been given to how agents actively construct their temporal environments. We propose that different po...

failure of international aid and expansionary internal economic policy. Experience attempts to solve this economic model of endogenous growth based on the Rivera-Batiz & Romer (1991) model that can explain how changes in the structure of payoffs of the economy can affect the rate of growth of output via the rate of change of the number of innovations. Different characterizations of heterogeneou...

Theories of political entrepreneurship usually focus on the construction of coalitions necessary to change policy. We argue that political entrepreneurs who are unable to secure favored policies may redirect their efforts to a “higher tier,” attempting to change the rules of the game to enable the exploitation of future political profit opportunities. We present a taxonomy of three levels of po...

Research in the pre-paradigmatic, applied scientific field of entrepreneurship is characterized mainly as exploratory. This article advocates for a considerable shift toward a more effective applied research agenda. An applied research program is proposed based on modifications to a Lakatosian research program. The agenda extends beyond typical calls for more replication work to include a focus...

A number of recent national and EU initiatives have sought explicitly to encourage innovative firms and venture capital finance. In keeping with the policy debate, this paper focuses explicitly on the role of law and lawyers in facilitating venture capital: that is, both supply by investors, and demand by entrepreneurs. It reviews existing literature in a way that seeks to clarify the links bet...

An increasing number of firms are making initial public offerings in foreign markets to circumvent constraints in the availability of capital and to provide an exit for their investors. However, previous research on foreign initial public offerings and their determinants is very limited. In this paper, we contribute to this literature by demonstrating that international experience of the manage...

We develop a model of innovation in which entrepreneurs develop a new (differentiated) product market that is subsequently exploited by a well-established firm that “stretches” its brand to enter the new market as a “fast second”. In this setting, there is a positive externality to the pioneering efforts of the initial entrants that may well increase with the number of such entrants. We develop...

Internet cafés represent a potential means of bridging the information gap between social groups and geographical areas. This study examines the spread of Internet cafés in Indonesia. The main objectives are to identify characteristics of Internet café entrepreneurs and to enhance the understanding of preconditions for the provision of Internet access by small-scale private enterprises. A surve...