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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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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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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
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Entrepreneurial career paths : occupational context and the propensity to become self-employed
Sorgner, Alina; Fritsch, Michael - In: Small business economics : an entrepreneurship journal 51 (2018) 1, pp. 129-152
Persistent link: https://www.econbiz.de/10011983399
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Persistence of entrepreneurship in different historical contexts
Fritsch, Michael; Pylak, Korneliusz; Wyrwich, Michael - 2019
Persistence of entrepreneurship over longer periods of time could indicate a culture of entrepreneurship among the local population that may be an important factor for regional development, but does persistence of economic activity require cultural transmission? We exploit the diverse historical...
Persistent link: https://www.econbiz.de/10012017649
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Entrepreneurship : Theorie, Empirie, Politik
Fritsch, Michael - 2016
Persistent link: https://www.econbiz.de/10011386754