Toward a Theory of Public Entrepreneurship

Peter Klein, Joseph T. Mahoney, Anita McGahan and Christos Pitelis

No 10-07, DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

Abstract: This paper explores innovation, experimentation, and creativity in the public domain and in the public interest. Researchers in various disciplines have studied public entrepreneurship, but there is little work in management and economics on the nature, incentives, constraints and boundaries of entrepreneurship directed to public ends. We identify a framework for analyzing public entrepreneurship and its relationship to private entrepreneurial behavior. We submit that public and private entrepreneurship share essential features but differ critically regarding the definition and measurement of objectives, the nature of the selection environment, and the opportunities for rent-seeking. We describe four levels of analysis for studying public entrepreneurship, provide examples, and suggest new research directions.

Keywords: Entrepreneurship; public administration; political economy; institutions; transaction costs (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-ent, nep-pbe and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Related works:
Working Paper: Toward a Theory of Public Entrepreneurship (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:aal:abbswp:10-07

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