Elizabeth Hoffman

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Patently Risky: Framing, Innovation and Entrepreneurial Preferences

by Elizabeth Hoffman, David L. Schwartz, Matthew Spitzer, Eric Talleyvia IP2 Working Paper Series
Tuesday, January 9, 2018

Innovation policy balances static monopoly rights against dynamic entrepreneurial incentives. In striking this balance, researchers commonly presume that decision makers in innovative settings react to their economic environments in a manner similar to their counterparts in other contexts. This paper reports on a series of experiments that call this presumption into question.