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We examine the conditions required for the existence of private credit bureaus, their ownership and coverage. Our model implies that bank consortia will most likely be preferred by banks, but that they will lead to restricted coverage. Independent credit bureaus have higher coverage, but they...
Persistent link: https://www.econbiz.de/10012143788
In this paper, we study N-player Colonel Blotto games with incomplete information about battlefield valuations. Such games arise in job markets, research and development, electoral competition, security analysis, and conflict resolution. For M Ï N + 1 battlefields, we identify a Bayes-Nash...
Persistent link: https://www.econbiz.de/10012439349
In recent years, a number of electronic limit order markets have reintroduced market makers for some securities (Designated Market Makers). This trend has mainly been initiated by financial intermediaries and listed firms themselves, without any regulatory pressure. In this paper we ask why...
Persistent link: https://www.econbiz.de/10012143746
promoting: i) micro-entrepreneurship in Brazil; and ii) the formalisation of entrepreneurs. Regarding the promotion of micro-entrepreneurship …
Persistent link: https://www.econbiz.de/10011335902
credit constraints and informal financial assistance in explaining entrepreneurship. Previous research focuses exclusively on …
Persistent link: https://www.econbiz.de/10011335903
opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …
Persistent link: https://www.econbiz.de/10010288153
economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate …) constraints and develops a theoreticalframework that examines the main obstacles to entrepreneurship in Africa’s LDCs. The … economies, development of productive entrepreneurship cannot be left tomarkets alone. The policy analysis suggests that the …
Persistent link: https://www.econbiz.de/10009360486
performance are more likely driven by differences in risk aversion or preferences for entrepreneurship rather than by skill. …
Persistent link: https://www.econbiz.de/10011993802
Young firms are known to grow at a faster rate than incumbents. With administrative firm data from Germany, we show that the higher growth rates indeed translate into upward mobility within the firm size distribution. Young firms are therefore not only able to catch up, but also to grow larger...
Persistent link: https://www.econbiz.de/10011779787
Existing empirical evidence suggest that entrepreneurs are optimists, a finding researchers often interpret as evidence of a behavioral bias in entrepreneurial decision-making. We revisit this claim by analyzing an unusually large survey dataset (180,814 responses) that allows us to create a...
Persistent link: https://www.econbiz.de/10013208671