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We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
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sector. However, these results are sensitive to the level of development. -- Entrepreneurship ; property rights ; access to …
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regulation we use, we always find a detrimental effect of regulation on entrepreneurship. While women are overall less likely to … start new businesses, in more regulated countries women are pulled into entrepreneurship not to pursue a business …
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evidence on how many of them are there around the world, what they are doing, who they are, what makes them different, and …
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