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Asymmetric Information, Entrepreneurial Activity, and the Scope of Fiscal Policy in an Open Regional Economy
Batabyal, Amitrajeet A.; Nijkamp, Peter - In: International Regional Science Review 33 (2010) 4, pp. 421-436
The authors analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, the authors use a two-period model to analyze the contractual relationship between...
Persistent link: https://www.econbiz.de/10009004453
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A Schumpeterian Model of Entrepreneurship, Innovation, and Regional Economic Growth
Batabyal, Amitrajeet A.; Nijkamp, Peter - In: International Regional Science Review 35 (2012) 3, pp. 339-361
The authors provide the first theoretical analysis of a one-sector, discrete-time, Schumpeterian model of growth in a regional economy in which consumers are risk neutral, there is no population growth, monopolistic entrepreneurs produce intermediate goods, and a single consumption good is...
Persistent link: https://www.econbiz.de/10010561614
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Retraction of “A Schumpeterian Model of Entrepreneurship, Innovation, and Regional Economic Growthâ€
Batabyal, Amitrajeet A.; Nijkamp, Peter - In: International Regional Science Review 35 (2012) 4, pp. 464-486
The authors provide the first theoretical analysis of a one-sector, discrete-time, Schumpeterian model of growth in a regional economy in which consumers are risk neutral, there is no population growth, monopolistic entrepreneurs produce intermediate goods, and a single consumption good is...
Persistent link: https://www.econbiz.de/10010569275
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Project financing, entrepreneurial activity, and investment in the presence of asymmetric information
Batabyal, Amitrajeet A. - In: The North American Journal of Economics and Finance 23 (2012) 1, pp. 115-122
We analyze a two-period signaling model in which a representative entrepreneur in a regional economy has a project that … generates a random cash flow and that requires investment that the entrepreneur raises from a competitive market. The project …'s type is known to the entrepreneur but not to the investors. Further, the entrepreneur is restricted to issuing debt only or …
Persistent link: https://www.econbiz.de/10010886101
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The knowledge society, entrepreneurship and unemployment
Audretsch, David B.; Thurik, Adriaan R. - 1998
Persistent link: https://www.econbiz.de/10000994342
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Entrepreneurship and growth : a personal story
Fritsch, Michael - In: The Routledge companion to the makers of modern …, (pp. 116-129). 2017
Persistent link: https://www.econbiz.de/10011547509
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The long persistence of regional entrepreneurship culture : Germany 1925-2005
Fritsch, Michael; Wyrwich, Michael - 2011
Studies for established market economies such as West Germany (Fritsch and Mueller, 2007), and Sweden (Andersson and Koster, 2011) have shown that regional start-up rates tend to show a relatively high level of persistence and path dependency over periods of 10-15 years. One main reason for this...
Persistent link: https://www.econbiz.de/10011522629
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The entrepreneurial ladder and its determinants
Zwan, Peter van der; Thurik, Adriaan R.; Grilo, Isabel - 2007
We test a new model where the entrepreneurial decision is described as a process of successive engagement levels, i … the probability of moving forward in the entrepreneurial process becomes negative after a certain age implying that if …
Persistent link: https://www.econbiz.de/10011350365
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Entrepreneurial exit in real and imagined markets
Stam, Erik; Thurik, Adriaan R.; Zwan, Peter van der - 2009 - Version: October 2009
Entrepreneurs exit their business due to selection mechanisms experienced in the market place. Next to this well known …
Persistent link: https://www.econbiz.de/10011374393
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Do entrepreneurs really earn less?
Sorgner, Alina; Fritsch, Michael; Kritikos, Alexander - 2014
results show that the median self-employed entrepreneur with employees earns significantly more than the median salaried … employee, while the median solo entrepreneur earns less. However, solo entrepreneurship pays for those with a university …
Persistent link: https://www.econbiz.de/10010438895