Showing 1 - 10 of 352
We examine the conditions required for the existence of private credit bureaus, their ownership and coverage. Our model implies that bank consortia will most likely be preferred by banks, but that they will lead to restricted coverage. Independent credit bureaus have higher coverage, but they...
Persistent link: https://www.econbiz.de/10012143788
In this paper, we study N-player Colonel Blotto games with incomplete information about battlefield valuations. Such games arise in job markets, research and development, electoral competition, security analysis, and conflict resolution. For M Ï N + 1 battlefields, we identify a Bayes-Nash...
Persistent link: https://www.econbiz.de/10012439349
In recent years, a number of electronic limit order markets have reintroduced market makers for some securities (Designated Market Makers). This trend has mainly been initiated by financial intermediaries and listed firms themselves, without any regulatory pressure. In this paper we ask why...
Persistent link: https://www.econbiz.de/10012143746
promoting: i) micro-entrepreneurship in Brazil; and ii) the formalisation of entrepreneurs. Regarding the promotion of micro-entrepreneurship …
Persistent link: https://www.econbiz.de/10011335902
credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on …
Persistent link: https://www.econbiz.de/10011335903
context along a continuum of where entrepreneurship takes place and when this happens. Where context has been studied in … embeddedness of women entrepreneurs or the institutional environment for women's entrepreneurship. We contribute to the literature … institutional contexts for women's entrepreneurship and their intersections, as informed by entrepreneurship, gender and geography …
Persistent link: https://www.econbiz.de/10010335864
performance are more likely driven by differences in risk aversion or preferences for entrepreneurship rather than by skill. …
Persistent link: https://www.econbiz.de/10011993802
Existing empirical evidence suggest that entrepreneurs are optimists, a finding researchers often interpret as evidence of a behavioral bias in entrepreneurial decision-making. We revisit this claim by analyzing an unusually large survey dataset (180,814 responses) that allows us to create a...
Persistent link: https://www.econbiz.de/10013208671
This paper assesses the prospects of a 2021 time bomb in small and medium-sized enterprises (SME) failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 time bomb for SMEs. Rather, business...
Persistent link: https://www.econbiz.de/10012653494
What locations generate more business ideas, and where are ideas more likely to turn into businesses? Using comprehensive administrative data on business applications, we analyze the spatial disparity in the creation of business ideas and the formation of new employer startups from these ideas....
Persistent link: https://www.econbiz.de/10014388423