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In this important new book, Mark Casson argues that the fundamental significance of entrepreneurship requires it be … judgemental decision-maker, and relates these functions to the size and growth of the firm. Mark Casson discusses entrepreneurship …pt. 1. Theory -- pt. 2. Networks and institutions -- pt. 3. History …
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We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
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