performance are more likely driven by differences in risk aversion or preferences for entrepreneurship rather than by skill. …

employee, while the median solo entrepreneur earns less. However, solo entrepreneurship pays for those with a university …

. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model …