. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The …

those investors may be willing to pay. A model is developed based on the principal-agent framework, which focuses on a risk … entrepreneur's abilities. The model shows that when the ability of entrepreneurs is common knowledge, they choose to involve risk …

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who … become entrepreneurs by limiting the downside risk. The effort of entrepreneurs may, however, be hampered by high risk …

The goal of this study is to discover why entrepreneursperceive risk contexts differently than their non …-entrepreneurial peers do.First, the definition of "risk" in entrepreneurial contexts must beclarified. After a discussion of risk as … variance, risk as downside loss, andrisk as opportunity-driven, it is argued that risk as downside loss is the mostappropriate …

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …

entrepreneurship and unemployment with endogenous job destructions. Entry decision into entrepreneurship is affected by an … opportunistic effect and a separation effect, which is strengthened by surging unemployment risk in recessions. I show that the …