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We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
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Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net …
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The level of entrepreneurship differs considerably across countries and periods. Both thecauses and consequences of … entrepreneurship are a matter of extensive scientific debate aswell as of great policy importance. A high level of entrepreneurial … paper deals with the determinants of entrepreneurship. An eclectic theory ofentrepreneurship is introduced. This eclectic …
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Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the … indicate that the average returns to entrepreneurship are significantly negative for individuals entering entrepreneurship …
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We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among …
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The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …
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