The economics-related prediction strategies and the effectuation-related control strategies are two main competing hypotheses of how entrepreneurs deal with uncertainty in theories of entrepreneurship. In an experimental test, we study the conditions under which prediction and control strategies...

Principal-agent interactions in which the principal signals prosociality may achieve higher levels of trust and reciprocity if both parties care about social esteem. However, it is unclear whether such a separating equilibrium exists when the agent sends the signal first. This is relevant...

Entrepreneurial agglomerations often feature positive feedback mechanisms such as strategic complementarities, knowledge spillovers and network externalities. However, they can also occur in the absence of these mechanisms, even across regions of considerably homogeneous economic potential. We...