We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …

entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for … their influences upon the freedoms and the incentives of entrepreneurs, and thereby upon the level of employment of … resources, this paper examines their influences upon the selection of entrepreneurs, and thereby upon the efficiency of that …

where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …

When the state fails to supply basic security and protection of property, violent entrepreneurs not only seize the … uncoordinated division of labor is advantageous for the entire group of violent entrepreneurs. Hence, in weak states a situation may … arise where a large number of violent entrepreneurs can operate side by side as plunderers and protectors squeezing the …