Showing 1 - 10 of 75
credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …
Persistent link: https://www.econbiz.de/10005123794
We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...
Persistent link: https://www.econbiz.de/10005497863
In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …
Persistent link: https://www.econbiz.de/10005791403
to the taxation of entrepreneurs in transition economies. …
Persistent link: https://www.econbiz.de/10005656322
This study uses micro data and an OLG model to show that general equilibrium forces are critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents perceive children as an important source of old-age support and that in partial...
Persistent link: https://www.econbiz.de/10011084282
intermediary, parameters of the information structure (precisions of public and private information), and the level of stress …
Persistent link: https://www.econbiz.de/10009147398
educational achievements of individuals, as well as many aspects of family background, including birth order, number of sisters …
Persistent link: https://www.econbiz.de/10005124292
We offer a rationale for the decision to extend the franchise to women within a politico-economic model where men are …
Persistent link: https://www.econbiz.de/10005067632
This paper provides a historical and geographical perspective on the composition of households in present-day Europe. Many more people today live on their own than was the case in pre-industrial England, but there are some surprising continuities in household composition. In particular,...
Persistent link: https://www.econbiz.de/10005497727
capture her direct family experience. We find that both variables are significant determinants of fertility, even after … controlling for several individual and family-level characteristics. …
Persistent link: https://www.econbiz.de/10005498034