Political Entrepreneurship and the Democratic Allocation of Economic Resources

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Entrepreneurship and second-best institutions: going beyond Baumol’s typology (2010, background): “Thus, we exclude the forms of entrepreneurship in which the agent has de jure decision power over institutions, often referred to as political entrepreneurship (e.g., Holcombe 2002; Wohlgemuth 2000).”
The Entrepreneurial Organization of Heterogeneous Capital (2007, background): “Thus, discovering new forms of moral hazard (Holmström, 1982), creating hold-ups (Williamson, 1996), and inventing new ways of engaging in rent-seeking activities (Baumol, 1990; Holcombe, 2002) are examples of destructive entrepreneurship.”
Economic and political institutions and entry into formal and informal entrepreneurship (2014, unknown): “…of this pattern is that countries with low-quality political institutions could feature “crony entrepreneurship”—that is, rent-seeking and even exploitative entrepreneurs who leverage their political connections to monopolize opportunities—as opposed to “market entrepreneurship” (Holcombe, 2002).”