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This paper develops an occupational choice model in which entrepreneurs, who are initially uncertain about their true talent, learn from experience. As a consequence, both optimistic bias in talent beliefs and uncertainty diminish with experience. The model gives rise naturally to a...
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In this paper we extend models of market equilibrium from binary occupational choices of people with different entrepreneurial ability, to the realistic case that entrepreneurs can decide whether they hire workers and become employers or whether they become own account self-employed. We find...
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Simon C. Parker provides a timely and comprehensive overview of self-employment and entrepreneurship in our modern …
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self-employment (entrepreneurship) and salary employment. Lazear's theory of entrepreneurship is assessed in terms whether …The aim of this study is to explore and elaborate the concept of hybrid entrepreneurship, i.e., a simultaneous mix of … regression, using survey data gathered from 1600 entrepreneurs. In light of the results, Lazear's theory cannot be unambiguously …
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