labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

defend their monopoly position and prevent innovation and entry of high-quality competitors. This requires that the incumbent … quality upgrade related to innovation. Consistently with our empirical findings, the model delivers a negative association …

of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub-networks … underinvest in innovation. …

We empirically investigate whether the persistence of politicians in political institutions affects the innovation …’ innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians … persistence and the probability of process innovation. This finding is consistent with the view that political stability may …