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We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
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We examine returns to entrepreneurship using a standard measure of welfare, the percapita consumption expenditure. The …. -- entrepreneurship ; self-employment ; welfare ; developing countries ; quantile regressions …
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