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We present a dynamic occupational choice model with a learning algorithm simultaneously capable to explain entrepreneurial entry, exit, and survival. According to our model, those individuals decide to become entrepreneurs who expect their productivity to be highest when managed by themselves....
Persistent link: https://www.econbiz.de/10011301401
consistent with data on relative choice frequencies and enterprise death rates. …
Persistent link: https://www.econbiz.de/10011527710
Persistent link: https://www.econbiz.de/10011761935
"The Essence of Entrepreneurship and the Nature and Significance of Market Process is a continuation of the discourse … started in Kirzner's earlier work, Competition and Entrepreneurship, expanding upon his ideas about entrepreneurship and … entrepreneurial alertness. Essence presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the …
Persistent link: https://www.econbiz.de/10011843512