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. This paper proposes a simple theory of skill-biased change in entrepreneurial technology that fits with cross …
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This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth distribution are more risk averse and less willing (or...
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We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced … entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter (1942), with the two frameworks …) deterministic, the Schumpeterian entrepreneur becomes redundant. In addition, the literature abstracts from genuine uncertainty …
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