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The impact of entrepreneurial risk aversion on wages in general equilibrium
Feng, Ying; Rauch, James E. - 2015
One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …
Persistent link: https://www.econbiz.de/10010519937
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Dynastic entrepreneurship, entry, and non-compete enforcement
Rauch, James E. - 2015
We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …
Persistent link: https://www.econbiz.de/10010528295
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Credit market imperfection, lack of entrepreneurs and capital outflow from a developing economy
Marjit, Sugata; Mishra, Suryaprakash - 2020
This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...
Persistent link: https://www.econbiz.de/10012263312
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Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978-93
Ilmakunnas, Pekka; Kanniainen, Vesa - 2000
shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …
Persistent link: https://www.econbiz.de/10009781637
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A general equilibrium theory of occupational choice under optimistic beliefs about entrepreneurial ability
Dell'Era, Michele; Opromolla, Luca David; Santos-Pinto, … - 2018 - This version: August 30th, 2018
to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean … returns to entrepreneurship compared to average wages. …
Persistent link: https://www.econbiz.de/10011924615
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Enterprise formation and labor market institutions
Kanniainen, Vesa; Vesala, Timo - 2000
The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...
Persistent link: https://www.econbiz.de/10009781640
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Strategic supply function competition with private information
Vives, Xavier (contributor) - 2008
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10003763172
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Modelling economic impacts of alternative international climate policy architectures : a quantitative and comparative assessment of architectures for agreement
Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - 2008
This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible …
Persistent link: https://www.econbiz.de/10003763299
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Managerial talent, motivation, and self-selection into public management
Delfgaauw, Josse (contributor);  … - 2008
The quality of public management is a recurrent concern in many countries. Calls to attract the economy’s best and brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions in the public and private sector, using a model of a...
Persistent link: https://www.econbiz.de/10003772147
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Federalism and accountability with distorted election choices
Kessing, Sebastian - 2009
Random factors such as bad weather or exogenous economic shocks affect the re-election of politicians and can reduce accountability. Such distorted election choices interact with the architecture of government. Contrasting centralized with decentralized political systems, this study shows that...
Persistent link: https://www.econbiz.de/10003887189