Entrepreneurial Innovation Incentives Based on Double Characteristics: Economic and Social

Author

Xia, Li

Author_Institution

Economic Sch., Huazhong Univ. of Sci. & Technol., Wuhan, China

fYear

2010

fDate

7-9 May 2010

Firstpage

1136

Lastpage

1139

Abstract

Entrepreneurial innovation is a very important driving force of economic development and a decisive factor for optimizing of social interests. Starting from the competitive exclusive and externality characteristics of entrepreneurial innovation, using the individual entrepreneurs´ maximizing investment decision-making theory, the paper analyzes the relationship of entrepreneurial innovation inputs and economic benefits. Then with the model of Baumol´s optimal spillover rate determination, we explore the incentive directions and means of entrepreneurial innovation.

Keywords

decision making; incentive schemes; innovation management; investment; socio-economic effects; Baumol´s optimal spillover rate determination; economic development; entrepreneurial innovation incentives; individual entrepreneurs; investment decision-making theory; social interests; Biological system modeling; Decision making; Economics; Equations; Investments; Mathematical model; Technological innovation; Entrepreneurial innovation; externalities; innovation inputs; spillover rate;

fLanguage

English

Publisher

ieee

Conference_Titel

E-Business and E-Government (ICEE), 2010 International Conference on

Conference_Location

Guangzhou

Print_ISBN

978-0-7695-3997-3

Type

conf

DOI

10.1109/ICEE.2010.293

Filename

5592297