Harada, Nobuyuki; Kijima, Kyoichi - In: Small Business Economics 24 (2005) 4, pp. 423-427
This paper extends Evans and Jovanovic’s (1989) (EJ) model to explicitly consider the latent entrepreneur’s consumption-leisure preference structure, and shows that an increase in his or her assets encourages entrepreneurial activity. This result indicates that EJ’s finding may hold...
