The scope of this paper is to investigate whether imitation strategies adopted by startups are effective in the pursuit …

We study the early stages of firm creation under imperfect information. Because startups make error-prone decisions due … frictions alter the effects of lump-sum transfers to startups: the total employment gain is amplified due to an unintended …-size, previously dominated actions profitable, affecting the entire endogenous learning problem and making even productive startups …

One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …