Why and when do some people become entrepreneurs? We attempt to answer the question by considering both the variability in the quality of opportunities and aspiration levels that can vary over individuals and over time. When individuals have higher aspiration levels than their readily available...

A theoretical framework is developed to examinethe interaction between two distinct multi-dimensional constructs, theaspiration of an individual and his/her value in the labor market. Two corequestions about entrepreneurship are asked: (1) Why do some people seekentrepreneurial opportunities...

In this study we examine the reasons for the differential adoption levels of a new technology, that of electronic switching, across firms in the US telecommunications industry. Using theoretical postulates from the market-structure inducements approach to firm behavior, and the behavioral theory...