This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …

market. A new measure of entrepreneurship derived from matching monthly files from the Current Population Survey (CPS) is … used to provide the first test of the hypothesis that entrepreneurship rates were high in Silicon Valley during the … on only hi-tech industries. Estimates from the matched CPS data indicate that hi-tech entrepreneurship rates were lower …