Showing 1 - 10 of 79
There already exists broad literature investigating small and innovative firms in many respects. However, there have been few attempts to assess this group of firms' propensity to patent or its patenting activities. This paper intends to fill that gap. By applying a new approach to account for...
Persistent link: https://www.econbiz.de/10010661183
This paper studies the effects of social comparison on risk taking be- havior. In our framework, decision makers evaluate the consequences of their choices as changes with respect to both their own and their peers' conditions. We test experimentally whether different positions in the social...
Persistent link: https://www.econbiz.de/10011082352
In the last decades, there has been a large volume of research showing that emotions do have relevant effects on decision-making. We contribute to this literature by experimentally investigating the impact of four specific emotional states - joviality, sadness, fear, and anger - on risk...
Persistent link: https://www.econbiz.de/10010884474
This paper studies the effect of social comparison on risk taking behavior. We assume that decision makers evaluate consequences of their choices not only as variations with respect to their economic status but also as variations with respect to the status of their peers. We test experimentally...
Persistent link: https://www.econbiz.de/10010928571
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10010555774
This survey reviews the theoretical literature on high impact entrepreneurship. The survey is guided in part by the … recent classification changes at the Journal of Economic Literature (JEL) regarding entrepreneurship. The board voted to … create a new classification code, L26, for entrepreneurship. The JEL intends to use this code for all articles and books that …
Persistent link: https://www.econbiz.de/10004970272
Empirical analyses show that the employment effects of start-ups are highest in agglomerations, whereas moderately congested areas exhibit only modest effects, and weak or even no significant effects could be found in rural regions. This paper will set out to show that these discrepancies arise...
Persistent link: https://www.econbiz.de/10004970273
Recent empirical research has found that the effect of new business formation on employment emerges over a period of about ten years and has identified a 'wave' pattern of these effects. In this study, we decompose the overall contribution of new business formation on employment change into...
Persistent link: https://www.econbiz.de/10004970283
Institutional settings and the resulting incentive structures are crucial for economic development. The type of entrepreneurial activity and the entrepreneurial effort are especially dependent on underlying incentive structures. We argue that institutions with better incentive structures for...
Persistent link: https://www.econbiz.de/10004973304
This paper investigates the impact of implicit institutions on the decision to become an entrepreneur. Implicit institutions are here defined as mindsets that have developed as the result of norms and traditions and we expect they will have an influence on risk attitudes and opportunity...
Persistent link: https://www.econbiz.de/10004979867