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dc.contributor.authorHaufler, Andreasen_US
dc.contributor.authorNorbäck, Pehr-Johanen_US
dc.contributor.authorPersson, Larsen_US
dc.date.accessioned2011-06-10en_US
dc.date.accessioned2011-06-29T11:21:23Z-
dc.date.available2011-06-29T11:21:23Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46562-
dc.description.abstractIn many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale to an incumbent firm) are endogenous. We show that government programs to support small businesses foster market entry by entrepreneurs but, at the same time, give an incentive to choose low risk projects, due to the existence of limited loss offset provisions. This points to a basic trade-off between the goals of raising competition in technology-intensive markets and the desire of governments to foster risky 'breakthrough' innovations.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Public Finance 3473en_US
dc.subject.jelH25en_US
dc.subject.jelL13en_US
dc.subject.jelM13en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordbusiness taxationen_US
dc.subject.keywordinnovationen_US
dc.subject.keywordmarket entryen_US
dc.subject.stwMittelstandspolitiken_US
dc.subject.stwKlein- und Mittelunternehmenen_US
dc.subject.stwInnovationen_US
dc.subject.stwUnternehmensbesteuerungen_US
dc.subject.stwSteuerbegünstigungen_US
dc.subject.stwMarkteintritten_US
dc.subject.stwInnovationspolitiken_US
dc.subject.stwInnovationswettbewerben_US
dc.subject.stwTheorieen_US
dc.titleEntrepreneurial innovations and taxationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn661908585en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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