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1974. In 1973, Israel Kirzner published his classic book, Competition and Entrepreneurship, which outlined an …, however, entrepreneurial studies began about the same time as the Austrian revival. The beginnings of the entrepreneurship … sides of entrepreneurship / Ulrich Witt -- The business firm as a hybrid hayekian order : what is the role of the …
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A framework which allows for the joint testing of the adaptive and rational expectations hypotheses is presented. We assume joint normality of expectations, realizations and variables in the information set, allowing for parsimonious interpretation of the data; conditional first moments are...
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Under simple majority voting an absolute majority of voters may choose policies that are harmful to minorities. It is the purpose of sub- and super-majority rules to protect legitimate minority interests. We study how voting rules are chosen under the veil of ignorance and whether there are...
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The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply explanation to the discussion how these distinct labour...
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into entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …
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