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In this paper we develop an empirical model of entrepreneurs' business continuation decisions, and we estimate its parameters using a new panel of monthly alcohol tax returns from bars in the state of Texas. In our data, entrepreneurial failure is frequent and predictable. In the first year of...
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This study compares the growth of cooperatives with noncooperative. counterparts in seven marketing and distribution …
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How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free … responses shed new light on how free-market economies work--and what policies most encourage their growth. The contributors take … that independent entrepreneurs are far more important to growth than economists have traditionally thought, and that an …
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