Is More Entrepreneurship better?

Abstract

We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs (Coase, 1937, and subsequent literature) is difficult to relate to these well-established dynamics. Our… (More)

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Cite this paper

@inproceedings{Koellinger2009IsME, title={Is More Entrepreneurship better?}, author={Philipp D Koellinger and Christian R{\"o}\ssler}, year={2009} }