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Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official … (higher) levels of informal economic activity. Additionally, I aim to connect entrepreneurship, shadow economy size, and …
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We analyse the effect of overconfidence in a model of team-production with effort complementarities. We show that overconfidence may not only enhance an overconfident agent's effort but also that of a rational one. Focusing the agents' payoffs we see that this increase in effort can be to the...
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We employ a novel approach for analyzing the effects of relative consumption and relative wealth preferences on both the decentralized and the socially optimal economic growth rates. In the pertinent literature these effects are usually assessed by examining the dependence of the growth rates on...
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