Showing 1 - 10 of 2,553
This paper examines what determines the correlation between prices and turnover in European housing markets. Using a panel vector autoregressive model, we find that there is a particularly strong feedback mechanism between prices and turnover. Momentum effects are another important reason why...
Persistent link: https://www.econbiz.de/10011441590
We test the hypothesis, based on popular and theoretical perspectives, that entrepreneurs are more action-oriented than … experiment among 100s of entrepreneurs, managers and employees. Our experimental results show that entrepreneurs are indeed more … curiosity. Our empirical test results show that (i) entrepreneurs score indeed higher, on average, than managers and employees …
Persistent link: https://www.econbiz.de/10011583687
We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the long run the amount of liquid assets available to...
Persistent link: https://www.econbiz.de/10011377271
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10011326966
Persistent link: https://www.econbiz.de/10009720700
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and …
Persistent link: https://www.econbiz.de/10010415523
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …
Persistent link: https://www.econbiz.de/10011376618
Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net … development of the number of entrepreneurs in an equilibrium framework and (ii)the approach focusing on the entries and exits of … entrepreneurs. In this paper we unify these ap-proaches to arrive at a model explaining the equilibrium and actual number of …
Persistent link: https://www.econbiz.de/10011333271
paper deals with the determinants of entrepreneurship. An eclectic theory ofentrepreneurship is introduced. This eclectic …The level of entrepreneurship differs considerably across countries and periods. Both thecauses and consequences of … entrepreneurship are a matter of extensive scientific debate aswell as of great policy importance. A high level of entrepreneurial …
Persistent link: https://www.econbiz.de/10011316884
unobserved heterogeneity via individual household effects and to track changes in household behaviour over time. Second, by …
Persistent link: https://www.econbiz.de/10011373833