search query: @author Dutz, M.A. / total: 2
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| Author: | Dutz, M.A. Ordover, J.A. Willig, R.D. |
| Title: | Entrepreneurship, access policy and economic development: Lessons from industrial organization |
| Journal: | European Economic Review
2000 : MAY, VOL. 44:4-6, p. 739-747 |
| Index terms: | Competition Policy Entrepreneurship Organizations Industries |
| Language: | eng |
| Abstract: | This paper explores some relationships between promotion of competition and economic development that arise from the impacts of entrepreneurial firms. Two sets of policies are critical for furthering economic development. First, to arrest the diversion of entrepreneurial talent towards non-productive activities, an increased emphasis on preserving rewards from productive innovation is needed. Second, given that essential local inputs are vulnerable to monopolization and foreclosure, fostering opportunities for grass-roots entrepreneurship becomes paramount. A key message is that the conventional sensitivity of policy concerns about the social welfare effects of foreclosure should be extended to a domain beyond the usual essential facilities of public utilities. |
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