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Persistent link: https://www.econbiz.de/10010818321
We present a growth model where agents divide time between rent seeking in the form of resource competition; and working in a human capital sector, interpreted as trade or manufacturing. Rent seeking exerts negative externalities on the productivity of human capital, generating multiple steady...
Persistent link: https://www.econbiz.de/10005645328
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Persistent link: https://www.econbiz.de/10010818326
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Persistent link: https://www.econbiz.de/10010684440
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Persistent link: https://www.econbiz.de/10010685066
Existing empirical evidence suggests that entrepreneurs are optimists, a finding researchers often interpret as evidence of a behavioral bias in entrepreneurial decision-making. We revisit this claim by analyzing an unusually large survey dataset (180,814 responses) that allows us to create a...
Persistent link: https://www.econbiz.de/10010818438