asymmetric information, Quarterly Journal of Economics, 102, 281-292. -- Evans, D.S. and L.S. Leighton (1989). Some empirical … Monetary Economics, 51, 555-73 -- Richard Highfield and Robert Smiley (1987), 'New Business Starts and Economic Activity: An … (1994), 'New-Firm Startups, Technology, and Macroeconomic Fluctuations', Small Business Economics, 6 (6), December, 439 …