Grimm, Michael; Hartwig, Renate; Lay, Jann - Institute for the Study of Labor (IZA) - 2013
Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment … patterns: entrepreneurs following an 'insurance regime' comply with sharing norms, are insured but reduce investment in their … firm, whereas entrepreneurs in the 'growth regime' are not insured but take undistorted investment decisions. The choice of …