growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … tax system induce entrepreneurs to choose projects with too little risk and this problem arises primarily when … entrepreneurs market their product themselves. When innovations reduce only the fixed costs of production this leads to a …

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

Developing and emerging economies have high entrepreneurship rates and relatively many small firms. There is enormous … heterogeneity among these firms and entrepreneurs. This paper presents a simple occupational choice model that captures motives for … entrepreneurship at both edges of the size distribution. The model is then used to analyse the effects of productivity growth …