Utz Weitzel

VU University Amsterdam

Professor

De Boelelaan 1105

Amsterdam

Netherlands

Tinbergen Institute

Fellow

Gustav Mahlerplein 117

Amsterdam, 1082 MS

Netherlands

Radboud University

Professor

Heyendaalseweg 141

Nijmegen, 6525 AJ

Netherlands

SCHOLARLY PAPERS

41

DOWNLOADS
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Top 8,421

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5,605

SSRN CITATIONS
Rank 13,066

SSRN RANKINGS

Top 13,066

in Total Papers Citations

15

CROSSREF CITATIONS

57

Scholarly Papers (41)

1.

Theory and Evidence on Mergers and Acquisitions by Small and Medium Enterprises

International Journal of Entrepreneurship and Innovation Management, Vol. 14, Nos. 2/3, 2011
Number of pages: 28 Posted: 28 Oct 2012
Utz Weitzel and Killian J. McCarthy
VU University Amsterdam and University of Groningen - SOM Research School
Downloads 1,317 (14,926)

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mergers, acquisitions, small and medium sized enterprises

2.

Accrual-Based and Real Earnings Management and Political Connections

International Journal of Accounting (Volume 50, Issue 2, June 2015, Pages 111–141)
Number of pages: 47 Posted: 07 Feb 2015 Last Revised: 28 Sep 2015
Radboud University Nijmegen, University of Surrey - Surrey Business School, VU University Amsterdam and Middlesex University
Downloads 483 (60,304)
Citation 3

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Real earnings management; Accrual earnings management; Political connection; Public monitoring

3.

Rankings and Risk-Taking in the Finance Industry

Journal of Finance, 2018
Number of pages: 88 Posted: 09 Apr 2016 Last Revised: 07 Dec 2018
University of Innsbruck, Max Planck Institute for Research on Collective Goods and VU University Amsterdam
Downloads 427 (70,075)
Citation 10

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Experimental finance, behavioral finance, rank incentives, rankings, financial professionals, investment game, framed field experiment, tournament incentives

4.

Growth and Innovation Strategies in Global Competition

published in 2007 as: U. Weitzel (2007): “Growth and Innovation Strategies in Global Competition”, in Saee, John (ed.), “Contemporary Coporate Strategy”, Routledge Studies in International Business and the World Economy, Routledge UK.
Number of pages: 27 Posted: 13 Oct 2005 Last Revised: 10 Feb 2013
Utz Weitzel
VU University Amsterdam
Downloads 357 (86,406)

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firm dynamics, multinational enterprise, research and development

5.

Cross-Border Takeovers, Corruption, and Related Aspects of Governance

published version available: U. Weitzel & S. Berns (2006): “Cross-border Mergers, Government Effectiveness, and Related Aspects of Corruption”, Journal of International Business Studies, 37, 786-806.
Number of pages: 39 Posted: 19 Jun 2006 Last Revised: 10 Feb 2013
Utz Weitzel and Sjors Berns
VU University Amsterdam and Deloitte Consulting, Netherlands
Downloads 302 (104,061)

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corruption, mergers and acquisitions, multinational enterprise, governance, foreign direct investment, institutions

Effects of Acquisitions on Product and Process Innovation and R&D Performance

published version available: E. Cefis, S. Rosenkranz, & U. Weitzel (2009): “Effects of acquisitions on product and process innovation and R&D performance”, Journal of Economics, 96(3), 193-222
Number of pages: 33 Posted: 01 Nov 2005 Last Revised: 01 Mar 2015
University of Bergamo - Department of Economics, Utrecht University - School of Economics and VU University Amsterdam
Downloads 233 (135,868)
Citation 4

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Mergers and Acquisitions, Innovation, Dynamic Efficiency, Cost Reduction, Product Differentiation

Effects of Acquisitions on Product and Process Innovation and R&D Performance

CEPR Discussion Paper No. 5275
Number of pages: 34 Posted: 18 Nov 2005
University of Bergamo - Department of Economics, Utrecht University - School of Economics and VU University Amsterdam
Downloads 14 (600,911)
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Mergers and acquisitions, innovation, dynamic efficiency, cost reduction, product differentiation

7.

Work Context and Employee Behaviour as Antecedents for Intrapreneurship

Number of pages: 30 Posted: 07 Feb 2013
J.P.C. Rigtering and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 224 (141,622)

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Intrapreneurship, Corporate Entrepreneurship, Entrepreneurial Orientation, Social Exchange Theory, Trust in Manager, Organisational Structure

8.

Shareholders' Expectations, Aspiration Levels and Mergers

E. Diecidue, J. van de Ven, J., U. Weitzel (2012): "Shareholder optimism: Shareholders' Expectations, Aspiration Levels and Mergers" in McCarthy, K.J., Dolfsma, W. (eds.) "Understanding Mergers and Acquisitions in the 21st Century", Palgrave Macmillan, pp.148-164.
Number of pages: 22 Posted: 11 Mar 2008 Last Revised: 12 Nov 2012
INSEAD – Decision Sciences, University of Amsterdam and VU University Amsterdam
Downloads 183 (171,052)

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aspiration level, mergers and acquisitions, market-driven takeovers, overvaluation

9.
Downloads 178 (175,300)
Citation 1

Bargaining in Mergers and Termination Fees

Tjalling C. Koopmans Discussion Paper Series
Number of pages: 28 Posted: 01 Mar 2007
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 172 (180,643)
Citation 2

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mergers and acquisitions, bargaining, outside option, termination fees, break-up fees, lockups

Bargaining in Mergers and Termination Fees

CEPR Discussion Paper No. DP6210
Number of pages: 31 Posted: 22 May 2008
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 6 (658,989)
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Bargaining, break-up fees, lockups, mergers and acquisitions, outside option, termination fees

10.

Bubbles and Financial Professionals

The Review of Financial Studies, Forthcoming
Number of pages: 120 Posted: 16 Mar 2018 Last Revised: 21 Oct 2019
VU University Amsterdam, University of Innsbruck, University of Innsbruck, University of Innsbruck, Max Planck Institute for Research on Collective Goods and University of Innsbruck
Downloads 152 (200,722)
Citation 2

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Experimental finance, financial professionals, price efficiency, financial bubbles

11.

Network Structure and Strategic Investments: An Experimental Analysis

revised version of this discussion paper published as: S. Rosenkranz, U. Weitzel (2012): “Network Structure and Strategic Investments: An Experimental Analysis”, Games and Economic Behavior, 75 (2): 898-920
Number of pages: 37 Posted: 23 May 2008 Last Revised: 16 Feb 2013
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 149 (204,030)
Citation 1

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Social networks, experiment, coordination, strategic substitutes, risk aversion

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

IZA Discussion Paper No. 7796
Number of pages: 40 Posted: 15 Dec 2013
Utrecht University, London School of Economics & Political Science (LSE), Florida International University, Eugenio Pino & Family Global Entrepreneurship Center and VU University Amsterdam
Downloads 148 (205,658)

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foreign direct investment, entrepreneurship, new firm entry, spillovers

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

CEPR Discussion Paper No. DP9793
Number of pages: 41 Posted: 02 Jun 2014
Utrecht University, London School of Economics & Political Science (LSE), George Washington U; Center for Entrepreneurial Excellence and VU University Amsterdam
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entrepreneurship, foreign direct investment, new firm entry, spillovers

13.

What Drives Risk Perception? A Global Survey with Financial Professionals and Lay People

Management Science, Forthcoming
Number of pages: 33 Posted: 17 May 2019 Last Revised: 21 Oct 2019
University of Innsbruck, Department of Banking and Finance, University of Innsbruck, University of Innsbruck, Max Planck Institute for Research on Collective Goods, VU University Amsterdam and Radboud University, Institute for Management Research
Downloads 128 (230,411)
Citation 3

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Risk perception, investment propensity, financial professionals

14.

Individual Speculative Behavior and Overpricing in Experimental Asset Markets

Experimental Economics, Forthcoming, DOI: 10.1007/s10683-018-9565-4
Number of pages: 21 Posted: 15 Mar 2015 Last Revised: 12 Mar 2018
Radboud University Nijmegen - Department of Economics, Radboud University Nijmegen - Institute for Management Research and VU University Amsterdam
Downloads 126 (233,179)
Citation 5

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Speculation, Experimental Asset Markets, Finance, Bubble

15.

Sold Below Value? Why Takeover Offers Can Have Negative Premiums

Financial Management, Forthcoming
Number of pages: 68 Posted: 25 Nov 2012 Last Revised: 26 Aug 2017
Utz Weitzel and Gerhard Kling
VU University Amsterdam and University of Aberdeen - Business School
Downloads 125 (234,592)
Citation 2

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negative premiums, hidden earnout, overvaluation

16.

Individual Search and Social Networks

FEEM Working Paper No. 49.2014
Number of pages: 45 Posted: 28 May 2014
University of Cambridge, Utrecht University - School of Economics, VU University Amsterdam and Utrecht University - Department of Sociology/ICS
Downloads 99 (276,907)
Citation 1

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Social networks

17.

Does Ambiguity Aversion Survive in Experimental Asset Markets?

Journal of Economic Behavior and Organization, Forthcoming
Number of pages: 57 Posted: 03 Mar 2013 Last Revised: 27 Mar 2014
Radboud University Nijmegen - Institute for Management Research, University of Goettingen (Gottingen) and VU University Amsterdam
Downloads 95 (284,378)
Citation 1

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18.

Security Analyst Target Prices as Reference Point and Takeover Completion

Number of pages: 44 Posted: 27 Feb 2017
Dirk Gerritsen and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 92 (290,308)

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Security Analysts, Target Prices, Mergers and Acquisitions, Reference Point, Anchoring, Completion

19.

Delegated Decision Making and Social Competition in the Finance Industry

Number of pages: 54 Posted: 24 May 2018 Last Revised: 19 Apr 2019
University of Innsbruck, Max Planck Institute for Research on Collective Goods and VU University Amsterdam
Downloads 90 (294,327)
Citation 5

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experimental finance, behavioral finance, social competition, rank incentives, financial professionals, delegated decision making, investment game, lab-in-the-field experiment

20.

Reference Dependence and Loss Aversion in Probabilities: Theory and Experiment of Ambiguity Attitudes

Number of pages: 24 Posted: 15 Dec 2011 Last Revised: 04 Mar 2013
Jianying Qiu and Utz Weitzel
Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and VU University Amsterdam
Downloads 83 (309,609)
Citation 1

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Ambiguity Aversion, Reference Point, Comparison, Experiment

21.

Trust and Risk Revisited

Journal of Economic Psychology, Vol. 57, 2016
Number of pages: 39 Posted: 15 Nov 2014 Last Revised: 13 Dec 2016
Leiden University - Department of Economics, University of Arizona, Radboud University Nijmegen - Department of Economics and VU University Amsterdam
Downloads 71 (338,789)
Citation 1

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Trust, trust game, decision making under uncertainty, risk, ambiguity, sources of uncertainty

22.

Testing the Fire-Sale FDI Hypothesis for the European Financial Crisis

Journal of International Money and Finance, Forthcoming
Number of pages: 39 Posted: 02 Apr 2014
Utz Weitzel, Gerhard Kling and Dirk Gerritsen
VU University Amsterdam, University of Aberdeen - Business School and Utrecht University - School of Economics
Downloads 69 (344,061)

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merger, acquisition, European Union, financial crisis, foreign direct investment, cross-border, country risk, fire-sale

23.

Experimental Evidence on Valuation and Learning with Multiple Priors

Number of pages: 33 Posted: 27 Jan 2013 Last Revised: 20 Dec 2015
Jianying Qiu and Utz Weitzel
Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and VU University Amsterdam
Downloads 65 (355,160)
Citation 3

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ambiguity, uncertainty, risk, multiple priors, Bayesian updating, first-order beliefs, second-order beliefs

24.

Experimental Evidence on Valuation with Multiple Priors

Journal of Risk and Uncertainty, 2016, Forthcoming
Number of pages: 36 Posted: 21 Dec 2015
Jianying Qiu and Utz Weitzel
Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and VU University Amsterdam
Downloads 55 (385,743)
Citation 1

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ambiguity, multiple priors, valuations, experiment

25.

Randomness and the Madness of Crowds

Chapter in "The Challenge of Chance", eds. Klaas Landsman & Ellen van Wolde (Springer-Verlag, Heidelberg, 2016). Written for a general audience.
Number of pages: 25 Posted: 27 Nov 2015
Utz Weitzel and Stephanie Rosenkranz
VU University Amsterdam and Utrecht University - School of Economics
Downloads 48 (409,429)

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26.

Social Preferences on Networks

Number of pages: 62 Posted: 22 Aug 2018 Last Revised: 12 Jul 2019
Utrecht University - Utrecht University School of Economics, Utrecht University - School of Economics, VU University Amsterdam and Utrecht University School of Economics
Downloads 43 (428,181)

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Social preferences, network games, equilibrium selection

27.

Fight or Freeze? Individual Differences in Investors’ Motivational Systems and Trading in Experimental Asset Markets

published version of this discussion paper available: K. Muehlfeld, U. Weitzel, A. van Witteloostuijn (2013): “Fight or Freeze? Individual Differences in Investors’ Motivational Systems and Trading in Experimental Asset Markets”, Journal of Economic Psychology, 34: 195-209
Number of pages: 34 Posted: 31 Oct 2012 Last Revised: 10 Feb 2013
University of Trier - Faculty of Management, VU University Amsterdam and University of Antwerp
Downloads 43 (428,181)

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Individual decision making, Investment decisions, Behavioral Approach System/Behavioral Inhibition System, Experimental asset markets, Fundamental shocks

28.

Ambiguity and Risk Measures in the Lab and Students’ Real-Life Borrowing Behavior

Journal of Behavioral and Experimental Economics, Forthcoming
Number of pages: 36 Posted: 19 Mar 2016 Last Revised: 13 Dec 2016
Kim Fairley and Utz Weitzel
Leiden University - Department of Economics and VU University Amsterdam
Downloads 35 (461,214)

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ambiguity aversion; likelihood insensitivity; risk aversion, borrowing behavior; student loans

Entrepreneurs’ Exploratory Perseverance in Learning Settings

Entrepreneurship, Theory & Practice, Forthcoming
Number of pages: 54 Posted: 22 Nov 2015
Katrin Muehlfeld, Diemo Urbig and Utz Weitzel
University of Trier - Faculty of Management, University of Wuppertal and VU University Amsterdam
Downloads 33 (481,922)

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Perseverance; Entrepreneurial cognition; Exploration; Iowa Gambling Task

Entrepreneurs’ Exploratory Perseverance in Learning Settings

Entrepreneurship Theory and Practice, Vol. 41, Issue 4, pp. 533-565, 2017
Number of pages: 33 Posted: 04 Jul 2017
Katrin Muehlfeld, Diemo Urbig and Utz Weitzel
University of Trier - Faculty of Management, University of Wuppertal and VU University Amsterdam
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30.

'Breaking and Entering' of Contracts as a Matter of Bargaining Power and Exclusivity Clauses

Number of pages: 37 Posted: 03 Mar 2013
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 31 (479,795)
Citation 1

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sequential bargaining, bargaining power, outside option, liquidated damage rules, termination fees, exclusivity agreements

31.

Determinants of Investor Expectations and Satisfaction: A Study With Financial Professionals

Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 25 Posted: 04 Nov 2018 Last Revised: 21 Oct 2019
University of Innsbruck - Department of Banking and Finance, University of Innsbruck, Max Planck Institute for Research on Collective Goods and VU University Amsterdam
Downloads 27 (500,296)

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Investor Satisfaction, Price Expectations, Financial Professionals, Experimental Finance, Investor Behavior

32.

Social Status and Risk-Taking in Investment Decisions

MPI Collective Goods Discussion Paper, No. 2019/7
Number of pages: 38 Posted: 06 May 2019
Max Planck Institute for Research on Collective Goods, University of Innsbruck, Utrecht University - School of Economics and VU University Amsterdam
Downloads 25 (511,398)

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experimental finance, behavioral economics, investment game, rank incentives, social status, reputational motives

33.

Is it Trust We Model? An Attempt to Calculate the Non-Calculative

CEPR Discussion Paper No. 5067
Number of pages: 28 Posted: 04 Aug 2005
Stephanie Rosenkranz and Utz Weitzel
Utrecht University - School of Economics and VU University Amsterdam
Downloads 22 (529,043)
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Trust, framing, focal points, alliances, cooperation

34.

Base Rate Neglect Under Ambiguity

Number of pages: 52 Posted: 27 Nov 2019
Yiangyan Li, Jianying Qiu and Utz Weitzel
Dongbei University of Finance and Economics, Radboud University Nijmegen - Nijmegen School of Management and VU University Amsterdam
Downloads 21 (535,018)

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base rate neglect, belief updating, ambiguity, ambiguity aversion, experiment

35.

The Effect of Pledges on the Distribution of Lying Behavior: An Online Experiment

Journal of Economic Psychology, Vol. 73, 2019
Number of pages: 28 Posted: 13 Jun 2019 Last Revised: 25 Oct 2019
University of Mannheim - Department of Economics, Utrecht University - School of Economics and VU University Amsterdam
Downloads 10 (604,445)

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lying, truth pledge, extreme liars, loss aversion, online experiment

36.

The Disposition Effect and Underreaction to Private Information

Journal of Economic Dynamics and Control, Forthcoming
Number of pages: 47
Radboud University Nijmegen - Department of Economics, Dongbei University of Finance and Economics, Radboud University Nijmegen - Nijmegen School of Management and VU University Amsterdam
Downloads 2

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37.

Risk Aversion and Overbidding in First Price Sealed Bid Auctions: New Experimental Evidence

Economic Inquiry, Vol. 57, Issue 1, pp. 631-647, 2019
Number of pages: 17 Posted: 05 Dec 2018
Radboud University Nijmegen - Institute for Management Research, Radboud University Nijmegen - Department of Economics and VU University Amsterdam
Downloads 0 (691,693)
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38.

Information Acquisition and Exchange in Social Networks

The Economic Journal, Vol. 127, Issue 606, pp. 2302-2331, 2017
Number of pages: 30 Posted: 20 Nov 2017
University of Cambridge, Utrecht University - School of Economics, VU University Amsterdam and Utrecht University - Department of Sociology/ICS
Downloads 0 (691,693)
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39.

Does Risk Aversion Cause Overbidding? New Experimental Evidence from First Price Sealed Bid Auctions

Radboud University, IMR, NiCE Working Paper 16-03
Posted: 25 Jul 2016 Last Revised: 16 Mar 2019
Radboud University Nijmegen - Institute for Management Research, Radboud University Nijmegen - Department of Economics and VU University Amsterdam

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Auction, Overbidding, Risk Aversion, Experimental Economics

40.

The Effects of Cross‐Border and Cross‐Industry Mergers and Acquisitions on Home‐Region and Global Multinational Enterprises

British Journal of Management, Vol. 25, pp. S116-S132, 2014
Number of pages: 17 Posted: 04 Jan 2014
University of Aberdeen - Business School, University of Reading, Texas A&M University - Department of Management, VU University Amsterdam and University of the West of England (UWE)
Downloads 0 (691,693)
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41.

A Model of Destructive Entrepreneurship

S. Desai, Z. Acs, U. Weitzel (2013): “A Model of Destructive Entrepreneurship: Insight on Conflict and Postconflict Recovery”, Journal of Conflict Resolution
Posted: 18 Sep 2009 Last Revised: 12 Nov 2012
Sameeksha Desai, Zoltan J. Acs and Utz Weitzel
Ewing Marion Kauffman Foundation, Schar School of Policy and Government and VU University Amsterdam

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destructive entrepreneurship, entrepreneurship, allocation, rent-seeking, incentives