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paper deals with the determinants of entrepreneurship. An eclectic theory ofentrepreneurship is introduced. This eclectic … theory provides an integrated framework,drawing on disparate strands of literature, to create a better understanding of the …
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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
Persistent link: https://www.econbiz.de/10010533203
In a multiperiod setting, decision-makers can learn about the consequences of their decisions throughexperimentation. In this paper we examine how in a two-party system polarization and political instability affectlearning through experimentation. We distinguish two cases:the decision to be made...
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