We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among … simultaneously, sothat the opportunity costs of entrepreneurs are accounted for. Wefind that (1) individuals who are relatively … unmanageable become entrepreneurs; (2) entrepreneurs compete against each other and createvalue by building efficient organizations …

motivation of entrepreneurs using a self-regulation perspective. Recent research in work motivation has shifted its focus from … across changing circumstances (Kanfer, 1990). We aim to incorporate this broader understanding into entrepreneurship research …

entrepreneurs evaluate their businesses by taking an inside viewʺ of their situation, overestimate their likelihood of success, and …

Schlagworte deutsch:Unternehmertum, Geschäftsgelegenheiten. Schlagworte englisch: Entrepreneurship, Opportunity …

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 …