We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …

Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net … development of the number of entrepreneurs in an equilibrium framework and (ii)the approach focusing on the entries and exits of … entrepreneurs. In this paper we unify these ap-proaches to arrive at a model explaining the equilibrium and actual number of …