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Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different … firms where government subsidizes entry of domestic entrepreneurs. Under autarky the entry subsidy indirectly corrects for …
Persistent link: https://www.econbiz.de/10010271259
The effects of competition on growth are analyzed in the recent literature by comparing economies with the same market structure but different degrees of substitutability. In this note, we show that in a general equilibrium model with monopolistic competition – la Dixit- Stiglitz the effect of...
Persistent link: https://www.econbiz.de/10010261777
Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both...
Persistent link: https://www.econbiz.de/10010262567
This paper uses a two country trade and geography model of monopolistic competition to study the effects of wage policies and social policies on the location of industry. It is first shown that a union wage push in one of two otherwise identical countries induces a relocation of firms which...
Persistent link: https://www.econbiz.de/10010262711
consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The …
Persistent link: https://www.econbiz.de/10010286896
The theory proposed below is that entrepreneurs are jacks-of-all-trades who may not excel in any one skill, but are … individuals with balanced skills are more likely than others to become entrepreneurs. The model provides implications for the … proportion of entrepreneurs by occupation, by income and yields a number of predictions for the distribution of income by …
Persistent link: https://www.econbiz.de/10010262718
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010267484
Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of … balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual …
Persistent link: https://www.econbiz.de/10010267719
entrepreneurs, and spend more time in entrepreneurship. Among entrepreneurs, more of the firms run by individuals with low wages …Why do some people become entrepreneurs (and others don't)? Why are firms so heterogeneous, and many firms so small? To … start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and …
Persistent link: https://www.econbiz.de/10010269273
The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non … entrepreneurs for returnees but matter for non-migrants. …
Persistent link: https://www.econbiz.de/10010269590