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Selection into Entrepreneurship and Self-Employment
Levine, Ross - 2018
We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …
Persistent link: https://www.econbiz.de/10012481000
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Public Knowledge, Private Knowledge : The Intellectual Capital of Entrepreneurs
Link, Albert - 2009
This paper focuses on the innovative actions of entrepreneurs, namely their tendency to reveal the intellectual capital that results from their research efforts either in the form of public knowledge (publications) or private knowledge (patents). Using data collected by the National Research...
Persistent link: https://www.econbiz.de/10012463850
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Does Individual Performance Affect Entrepreneurial Mobility? Empirical Evidence from the Financial Analysis Market
Groysberg, Boris - 2007
established by non-star analysts. Extending traditional theories of entrepreneurship and labor mobility, our results also suggest … that drivers of turnover vary by destination: (a) turnover to entrepreneurship and (b) other turnover. In contrast to … turnover to entrepreneurship, star analysts are less likely to move to other firms than non-star analysts …
Persistent link: https://www.econbiz.de/10012465006
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Financial Capital, Human Capital, and the Transition to Self-Employment : Evidence from Intergenerational Links
Dunn, Thomas - 1996
The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...
Persistent link: https://www.econbiz.de/10012473223
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Dinner Table Human Capital and Entrepreneurship
Hvide, Hans K. - 2018
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10012453515
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Currency Incontrovertibility, Trade Taxes and Smuggling
de Macedo, Jorge Braga - 1987
In the classic analysis of smuggling importers choose the optimal mix of legal and illegal trade, given trade taxes and the technology of detection. This paper introduces an inconvertible currency in the framework, so that illegal trade is valued at a rate higher than the (fixed) official...
Persistent link: https://www.econbiz.de/10012476893
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A Model of the Black Market for Dollars
Dornbusch, Rudiger - 1980
The paper develops an analytical framework to discuss the determinants of the premium in the black market for dollars in Brazil. While the specific details of the model were chosen with the Brazilian case in mind, the structure of the model is quite general and suitable for application to black...
Persistent link: https://www.econbiz.de/10012478535
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The Welfare Effects of Ticket Resale
Leslie, Phillip - 2009
We develop an equilibrium model of ticket resale in which buyers' decisions in the primary market, including costly efforts to "arrive early" to buy underpriced tickets, are based on rational expectations of resale market outcomes. We estimate the parameters of the model using a novel dataset...
Persistent link: https://www.econbiz.de/10012463173
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The Smuggling of Art, and the Art of Smuggling : Uncovering the Illicit Trade in Cultural Property and Antiques
Fisman, Raymond - 2007
We empirically analyze the illicit trade in cultural property and antiques, taking advantage of different reporting incentives between source and destination countries. We thus generate a measure of illicit trafficking in these goods based on the difference between imports recorded in United...
Persistent link: https://www.econbiz.de/10012465203
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Commercial Policy in a Predatory World
Anderson, James E. - 2006
Mutual causation of predation and trade induces novel effects of commercial policy in this paper. The model can explain trade volume responses to market widening initiatives that are otherwise puzzlingly 'too big' or 'too small'. Efficient commercial policy (broadly defined) depends crucially on...
Persistent link: https://www.econbiz.de/10012466086