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Enabling Entrepreneurial Choice
Agrawal, Ajay K.; Gans, Joshua S.; Stern, Scott - 2022
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty … regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this …
Persistent link: https://www.econbiz.de/10013291843
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Friends in High Places
Cohen, Lauren - 2010
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For...
Persistent link: https://www.econbiz.de/10013137309
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What Does the Corporate Income Tax Tax? A Simple Model Without Capital
Kotlikoff, Laurence J. - 2010
incorporated firms to hire capital.This paper makes this point with a simple, capital-less model featuring entrepreneurs, with … entrepreneurs to diversify their assets. In discouraging incorporation, the corporate tax taxes business risk-sharing, keeping more … entrepreneurs private and, thus, exposed to more risk. The added risk experienced by these entrepreneurs limits their demands for …
Persistent link: https://www.econbiz.de/10013140993
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Under-Savers Anonymous : Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device
Kast, Felipe - 2012
We test the effectiveness of self-help peer groups as a commitment device for precautionary savings, through two randomized field experiments among 2,687 microentrepreneurs in Chile. The first experiment finds that self-help peer groups are a powerful tool to increase savings (the number of...
Persistent link: https://www.econbiz.de/10013099420
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The Impact of Tax Incentives on the Economic Activity of Entrepreneurs
Harju, Jarkko - 2012
Based on existing evidence, we know little about how the taxation of small business owners affects their economic activity. This paper studies the effect of two Finnish tax reforms, in 1997 and 1998, on the effort decisions of the owners of small businesses utilizing both theoretical model and...
Persistent link: https://www.econbiz.de/10013099817
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R-Squared and the Economy
Morck, Randall - 2013
Many seemingly discordant results are reconciled if firm-specific return volatility is characterized as the intensity with which firm-specific events occur. A functionally efficient stock market allocates capital to its highest value uses, which often amounts to financing Schumpeterian creative...
Persistent link: https://www.econbiz.de/10013082425
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Adverse Selection in Credit Markets and Regressive Profit Taxation
Scheuer, Florian - 2014
justification for this pattern based on adverse selection that entrepreneurs face in credit markets. Individuals choose between … becoming entrepreneurs or workers and differ in their skill in both of these occupations. I find that endogenous cross …
Persistent link: https://www.econbiz.de/10013065398
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Entrepreneurship and Urban Growth : An Empirical Assessment with Historical Mines
Glaeser, Edward L. - 2014
Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10013065603
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Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development
Karlan, Dean S. - 2014
catalyze adoption of investments and practices aimed towards enterprise growth. We find that entrepreneurs invest the cash, and …
Persistent link: https://www.econbiz.de/10013065641
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University Entrepreneurship and Professor Privilege
Färnstrand Damsgaard, Erika - 2014
This paper analyzes how institutional differences affect university entrepreneurship. We focus on ownership of faculty inventions, and compare two institutional regimes; the US and Sweden. In the US, the Bayh Dole Act gives universities the right to own inventions from publicly funded research,...
Persistent link: https://www.econbiz.de/10013066279