Citation
(2014), "2013 Awards for Excellence", Journal of Entrepreneurship and Public Policy, Vol. 3 No. 1. https://doi.org/10.1108/JEPP-04-2014-001
Publisher
:Emerald Group Publishing Limited
2013 Awards for Excellence
Article Type: 2013 Awards for Excellence From: Journal of Entrepreneurship and Public Policy, Volume 3, Issue 1
The following article was selected for this year's Outstanding Paper Award for Journal of Entrepreneurship and Public Policy
"The brewer, the baker, and the monopoly maker"
Diana W. Thomas
Department of Economics and Finance, Utah State University, Logan, Utah, USA
Peter T. Leeson
Department of Economics, George Mason University, Fairfax, Virginia, USA
Purpose – The purpose of this paper is to examine how productive entrepreneurial activities, such as innovation, influence unproductive entrepreneurial activities, such as regulatory rent seeking.
Design/methodology/approach – To investigate the argument the authors consider Bavaria's brewing industry in the fourteenth through sixteenth centuries using an analytic narrative approach.
Findings – The example of Bavaria's brewing industry suggests that productive entrepreneurial activities may increase unproductive entrepreneurial activities. Confronted with a situation in which innovation erodes their monopoly returns, legally protected producers and policymakers reregulate industry to recapture lost rents. Regulation policy under such reregulation tends to be more encompassing, and thus produces more unproductive entrepreneurial activity, than pre-innovation regulation policy. This reflects the greater number or variety of producers that new regulation policy must encompass for reregulation to recreate rents.
Originality/value – The paper builds on Thomas’ work, which suggests that innovation can undermine existing regulatory institutions and result in deregulation. This paper identifies an alternative channel through which productive entrepreneurial innovation may influence unproductive entrepreneurial rent seeking. It argues that productive entrepreneurial innovation by legally unprotected producers in an industry can also increase, rather than decrease, the extent of unproductive entrepreneurship in that industry.
Keywords Brewing, Entrepreneurship, Innovation, Regulation, Rent seeking, Reregulation
www.emeraldinsight.com/10.1108/20452101211208371
This article originally appeared in Volume 1 Number 1, 2012, Journal of Entrepreneurship and Public Policy
The following articles were selected for this year's Highly Commended Award
“Creative destruction and productivity: entrepreneurship by type, sector and sequence”
Martin Andersson, Pontus Braunerhjelm and Per Thulin
This article originally appeared in Volume 1 Number 2, 2012, Journal of Entrepreneurship and Public Policy
“Tackling entrepreneurship in the informal economy: evaluating the policy options”
Colin C. Williams and Sara J. Nadin
This article originally appeared in Volume 1 Number 2, 2012, Journal of Entrepreneurship and Public Policy
Outstanding Reviewers
Dr Osama Daifalla Sweidan and Dr Yaacob Zulnaidi