We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …, optimal entry of original firms and all subsequent employee spinoffs is achieved, despite the fact that the original firm can … of these agreements shuts down socially profitable spinoff firms. Non-enforcement sacrifices entry of original firms that …

The main contribution of entrepreneurship theory to economics is to provide an account of market performance in … disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the … interrelationship between firm entry and exit in disequilibrium. Introducing a new methodology we investigate whether this …

Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net … by both high entry and high exit rates. …

We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry … earned withless competition. Entry and investor protection improve when wealth distribu-tion becomes less unequal, and the … greater accountability is associated with higher entry in sectors that are more dependent on external capital and have greater …