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This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …
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Based on an analysis of a game-theoretic model developed by Amit, Glosten, and Muller in 1994, the following hypothesis is posited and investigated: entrepreneurs are more likely to undertake entrepreneurial activities when their opportunity costs are lower. Data were gathered from the...
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aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …
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