In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who …

Beyond the Market launches a sociological investigation into economic efficiency. Prevailing economic theory, which … Beckert finds such theory to be particularly weak in explaining such crucial forms of economic behavior as cooperation …, innovation, and action under conditions of uncertainty--phenomena he identifies as the proper starting point for a sociology of …