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Koellinger, Philipp; Roessler, Christian - Tinbergen Instituut - 2009

We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...

Persistent link: https://www.econbiz.de/10011255927

I can't get no Satisfaction - Necessity Entrepreneurship and Procedural Utility

Block, Joern; Koellinger, Philipp - Tinbergen Instituut - 2008

We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their self-reported satisfaction regarding their start-up. Our study identifies a new facet of procedural utility and offers new insights about the motivations and goals of nascent...

Persistent link: https://www.econbiz.de/10011256183

Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework

Douhan, Robin; Praag, Mirjam van - Tinbergen Instituut - 2009

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

Persistent link: https://www.econbiz.de/10011256430

Firm Formation with Complementarities: The Role of the Entrepreneur

Roessler, Christian; Koellinger, Philipp - Tinbergen Instituut - 2009

We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among heterogeneousagents. Unique to our approach is that occupational choices, jobmatching and organizational forms are determined simultaneously, sothat the opportunity costs of...

Persistent link: https://www.econbiz.de/10011256953

Who values the Status of the Entrepreneur?

Praag, C. Mirjam van - Tinbergen Instituut - 2009

estimated likelihood and willingness to become an entrepreneur. See also the 'Handbook of Innovation and Entrepreneurship …

Persistent link: https://www.econbiz.de/10011257338

A consumption-based measure of the monetary rewards to entrepreneurship

Krichevskiy, Dmitriy - Department of Economics, Florida International University - 2010

Recent findings by Hamilton (Journal of Political Economy, 2000) suggest that the self-employed do not receive a monetary premium for the risk and uncertainty associated with business ownership. In this paper, I show that that income underreporting by entrepreneurs can explain the lack of...

Persistent link: https://www.econbiz.de/10008764790

Necessity and Opportunity Entrepreneurs through the Business Cycle

Thompson, Peter - Department of Economics, Florida International University - 2011

We construct a simple model of occupational choice among agents with differing abilities. The fraction of agents creating new businesses who are low ability rises during recessions. Thus, cohorts born during recessions are on average lower quality: their businesses yield lower initial earnings,...

Persistent link: https://www.econbiz.de/10010842959

Entrepreneurs: Jacks of all Trades or Hobos?

Astebro, Thomas; Thompson, Peter - Department of Economics, Florida International University - 2007

Human capital investment theory suggests that entrepreneurs should be generalists, while those who work for others should be specialists; it also predicts higher incomes for entrepreneurs with generalist skills. An alternative view predicts that those with greater taste for variety are more...

Persistent link: https://www.econbiz.de/10005190289

Growth challenges for the business services industry - international comparison and policy issues

Kox, Henk L.M. - EconWPA - 2003

national innovation systems. The study also analyses the factors behind this industry's poor productivity growth. A scenario …

Persistent link: https://www.econbiz.de/10005134465

The contribution of business services to aggregate productivity growth

Kox, Henk L.M. - EconWPA - 2004

. The business services industry has an important role in the national innovation system and in knowledge spillovers to … other industries. The innovation contribution of business services to the rest of the economy may countervail the effect of … strengthening its role in knowledge spillovers to client industries. …

Persistent link: https://www.econbiz.de/10005412877