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Dynamics, Experimental Economics, and Entrepreneurship

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Abstract

Economic experiments are introduced and proposed as the methodology of choice for a subset of research questions in technological entrepreneurship, an approach that has not yet been used in this field. Moreover, we provide an entrepreneurship-specific framework that matches types of research questions and feasible empirical methods. For example, a very dynamic environment is seen as a threat to most field studies, whereas the need to have entrepreneurs or other practitioners as subjects is almost a criterion for preclusion in economic experiments. The design of a recent economic experiment dealing with the timing of exploitation of an R&D based opportunity is explained and analyzed. We finally discuss the applicability of economic experiments to entrepreneurship questions in technology transfer.

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  1. Institute for Entrepreneurial Studies and Innovation Management School of Business and Economics, Humboldt-Universität zu Berlin, Spandauer Str. 1, 10178, Berlin, Germany

    Christian Schade

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JEL Classification: C 900, M 130, D 500

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Schade, C. Dynamics, Experimental Economics, and Entrepreneurship. J Technol Transfer 30, 409–431 (2005). https://doi.org/10.1007/s10961-005-2585-1

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