various types of data from Sweden. A characterization of a number of institutions and policy measures shows that they are … entrepreneurial income, incentives for wealth accumulation, wage-setting institutions and labor market regulations. Using original …

institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …

) informal institutions. Overall, the proposed institutional changes move in a liberalizing direction; however, one …

economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them …, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the … occurs. Better knowledge of entrepreneurial responses to institutions and the context in which they occur offers a promising …