-rational modes underlie both the erratic perturbations of entrepreneurship and the systematic waves of diffusion they initiate which … possible by financial intermediation. They imply asymmetric changes in individual welfare. The markets for entrepreneurship …

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well …. When unique attributes of entrepreneurship are taken into account, some major conclusions of capital taxation models no …

Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper … is more likely to enter into entrepreneurship. In the theoretical model proposed, abilities are an outcome of talent and …

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation … tax system induce entrepreneurs to choose projects with too little risk and this problem arises primarily when … entrepreneurs market their product themselves. When innovations reduce only the fixed costs of production this leads to a …

Existing studies of entrepreneurship focus on entrepreneurs whose individual contribution to wealth creation is … typically trivial: self-employed persons. This paper investigates entrepreneurs whose individual contribution to wealth creation … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs di¤er markedly from the …

I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth - 1979. I … find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs … robust to controlling for selection into entrepreneurship and selection into college. …

institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by … supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by … institutions—entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and …