We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …

One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …, retaining agent heterogeneity in risk aversion and the endogenous division of agents into less risk averse entrepreneurs and …

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

: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm … newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in … change does not benefit all potential entrepreneurs equally, and there is a positive relationship between an individual …