The general consensus in recent literature on development economics is that outward-looking strategies are likely to create more employment opportunities in labour abundant countries than inward-looking strategies. The reasons generally given to support this contention are (i) that...

Talent allocation models assume that entrepreneurial talent is selfish and thus allocates into unproductive or even destructive activities if these offer the highest private returns. This paper experimentally analyzes other-regarding preferences of entrepreneurial talent. We find that making a...