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. Much less work has considered the importance of the auction process. For example, in many auctions, auctioneers are present … and can impact the process of the auction by varying starting prices, level of price adjustments, the speed of the auction … explore the importance of auction process by testing whether auctioneers can have a systematic difference on auction outcomes …
Persistent link: https://www.econbiz.de/10013061775
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10013065641
In this paper we show that the patenting behavior of creative entrepreneurs is correlated with the patenting behavior of their fathers, which we refer to as a source of the entrepreneurs' human capital endowments. Our argument for this relationship follows from established theories of...
Persistent link: https://www.econbiz.de/10013067376
Recent research has suggested that the reduction of entry regulation can promote firm entry and job creation, but little is known about the quality of firms and jobs created through these reforms. To shed light on this question, we employ data from Portugal, a country which implemented one of...
Persistent link: https://www.econbiz.de/10013069155
Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and instead recruit among family members, the pattern is quite the opposite for firms in rich countries. In this paper, we ask whether these differences in managerial delegation have...
Persistent link: https://www.econbiz.de/10013000531
With an overall lack of gender and ethnic diversity in the innovation sector documented in Gompers and Wang (2017), we ask the natural next question: Does increased diversity lead to better firm performances? In this paper, we attempt to answer this question using a unique dataset of the gender...
Persistent link: https://www.econbiz.de/10012955439
How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their productivity and to overcome certain market frictions. Our...
Persistent link: https://www.econbiz.de/10012909902
business and not necessarily because they are good at it. Other literature has examined how socio-emotional skills, such as … open a business. This has important consequences for entrepreneurship policies. For example, subsidies for small businesses … with strong preferences for running a business and low-quality business ideas …
Persistent link: https://www.econbiz.de/10012911470
We review the extensive literature since 2000 on the personality traits of entrepreneurs. We first consider baseline personality traits like the Big-5 model, self-efficacy and innovativeness, locus of control, and the need for achievement. We then consider risk attitudes and goals and...
Persistent link: https://www.econbiz.de/10012941475
taxable goods and services in the state of Texas. An entrepreneur is defined as the owner of a new business. A serial … entrepreneur is one who opens repeat businesses. The success of the business is measured by the duration over which the business is … business started earlier. However, once one becomes an entrepreneur for a second time, the probability of becoming one a third …
Persistent link: https://www.econbiz.de/10013050291