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

the likelihood that he/she starts a business.Implications for entrepreneurship research and practice are discussed. …Education is argued to be an important driver of the decision to start a business. The measurement of its influence …

Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net …

: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

risks shape the equilibrium entrepreneurship in an occupational choice model. Differential social insurance of … entrepreneurial and labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect … of public production of private goods on entrepreneurship dominates the crowding-in effect of public production of public …