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Dynamics, Experimental Economics, and Entrepreneurship

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  • Christian Schade

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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. Copyright Springer Science+Business Media, Inc. 2005

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    File URL: http://hdl.handle.net/10.1007/s10961-005-2585-1
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    Bibliographic Info

    Article provided by Springer in its journal The Journal of Technology Transfer.

    Volume (Year): 30 (2005)
    Issue (Month): 4 (October)
    Pages: 409-431

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    Handle: RePEc:kap:jtecht:v:30:y:2005:i:4:p:409-431

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    Web page: http://www.springerlink.com/link.asp?id=104998

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    1. Werner Güth & Carsten Schmidt & Matthias Sutter, 2005. "Bargaining Outside the Lab – A Newspaper Experiment of a Three-Person Ultimatum Game," Papers on Strategic Interaction 2002-11, Max Planck Institute of Economics, Strategic Interaction Group.
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    Cited by:
    1. Elston, Julie Ann & Audretsch, David B., 2010. "Risk attitudes, wealth and sources of entrepreneurial start-up capital," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 82-89, October.
    2. Schade, Christian, 2010. "Entrepreneurial decision making: A paradigm rather than a set of questions: Introduction to special section based on Lally-Darden-Humboldt Young Entrepreneurship Scholars' Retreat 2006," Journal of Business Venturing, Elsevier, vol. 25(2), pages 173-174, March.
    3. Patel, Pankaj C. & Fiet, James O., 2010. "Enhancing the internal validity of entrepreneurship experiments by assessing treatment effects at multiple levels across multiple trials," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 127-140, October.
    4. D. Urbig & G.U. Weitzel & S. Rosenkranz & A. van Witteloostuijn, 2011. "Exploiting opportunities at all cost? Entrepreneurial intent and externalities," Working Papers 11-05, Utrecht School of Economics.

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