context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to … unemployment can be causally attributedto being insured. To disentangle moral hazard from adverse selection we use an institutional … featureof the Danish unemployment system that provides an additional motive to choose insurance(an early retirement option). We …

We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among …

The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …

the likelihood that he/she starts a business.Implications for entrepreneurship research and practice are discussed. …

risk. Our novel theoretical model explains entrepreneurial under-diversification by measuring the amount of potential bias …

entrepreneur) or to turn to dependent employment. We test our theory using a 10-year panel dataset (2001 to 2010) of more than 4 …

risk-adjusted market rate of return. The part of the surplus that exceeds this level may be denoted "entrepreneurial rent … short or medium run. Entrepreneurial rents arise when successful entrepreneurship is exercised and entrepreneurial firms … successful entrepreneurship cannot be taxed harshly without affecting entrepreneurs' willingness to supply effort. …