We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …

One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …

entrepreneurship, and use it for comparative statics and welfare analysis. One welfare conclusion is that intermediaries may have …

soliciting the current client in the event of termination of employment. The socially optimal level of entrepreneurship will … are too restrictive and produce too little entrepreneurship, and governments can increase welfare by limiting enforcement …