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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

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

Knowledge and Structure

Fioretti, Guido - EconWPA - 2002

This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …

Persistent link: https://www.econbiz.de/10005561473

The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective

Sequeira, Tiago Neves - EconWPA - 2003

The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...

Persistent link: https://www.econbiz.de/10005076554

Crescimento Econ\363mico no P\363s-guerra: os Casos de Espanha, Portugal e Irlanda

Sequeira, Tiago - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005556858

Globalization, Factor Endowments,and Scale-Invariant Growth

Dinopoulos, Elias; Syropoulos, Constantinos - Department of Economics, Florida International University - 2004

and sequential global innovation contests in which challengers devote resources to R&D and technology leaders undertake …

Persistent link: https://www.econbiz.de/10005196777

Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses

Fioretti, Guido - EconWPA - 2002

Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...

Persistent link: https://www.econbiz.de/10005125582

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