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In this paper we present an occupational choice model for entrepreneurs, in which, based on their individual skills and on the quality of their business, entrepreneurs can keep their original business, open a new business in the same or another sector along the current business (portfolio...
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"Learning-by-doing" is usually identified as a process whereby performance increases with experience in production. The … "learning", or performance improvement over time is not a by-product of the mere repetition of the same production activities …
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