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Drug Dealing and Legitimate Self-Employment
Fairlie, Robert - Economics Department, University of California-Santa … - 2014
Theoretical models of entrepreneurship posit that attitudes toward risk, entrepreneurial ability, and preferences for autonomy are central to the individual's decision between self-employment and wage/salary work.  None of the studies in the rapidly growing empirical literature on...
Persistent link: https://www.econbiz.de/10010843017
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Why Are Black-Owned Businesses Less Successful than White-Owned Businesses?  The Role of Families, Inheritances, and Business Human Capital
Fairlie, Robert - Economics Department, University of California-Santa … - 2014
Using confidential microdata from the Characteristics of Business Owners, we examine why African-American owned … businesses lag substantially behind white-owned businesses in sales, profits, employment, and survival.  Black business owners … are much less likely than white owners to have had a self-employed family member owner prior to starting their business …
Persistent link: https://www.econbiz.de/10010843022
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The Organization Of Family Interactions: Minimizing Transaction Costs And Strategic Behavior
Wittman, Donald - Economics Department, University of California-Santa … - 2005
The optimal organization of the family requires that relations are structured so that non-cooperative game playing is minimized and transaction costs are reduced. I show that therapeutic advice for behavior within the family is to create a functioning property rights system. Punishment is shown...
Persistent link: https://www.econbiz.de/10011130646