From 1997 to 2001 the number of nonemployer businesses, mostly partnerships, grew faster than conventional firms in the United States, a country with the mildest asymmetries between the two types of enterprises with respect to taxation, administrative entry barriers, and other institutional...

One of the reasons why workers' enterprises (WE) still represent a relevant chunk of the economy may lay in some affinities with conventional profit-maximizing firms. To provide a solid basis to this presumption, we compare the entry policies of WEs and conventional firms when size is set at...