The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.
The Roots of Entrepreneurship and Labour Demand: Individual Ability and Low Risk Aversion
Abstract
This paper develops a model as a means to explain business formation and the labour demand of entrepreneurs. An individual will become an entrepreneur if the expected rewards surpass the wages of employment, and the expected rewards depend on an assessment of individual ability and on risk attitude. Actual ability determines success and hence the demand for wage labour of the firm. In equilibrium these factors govern the distribution of a given workforce over entrepreneurs and employees. The model is fitted to Dutch survey data. The empirical results confirm the importance of both risk‐taking and ability for successful entrepreneurship.
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Cites
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
The Theory of Economic Development
Schumpeter, J., & Backhaus, U. (2006) · The European Heritage in Economics and the Social Sciences · doi:10.1007/0-306-48082-4_3 · Cited by 22,506
Knight, F. H. (1921) · Cited by 9,948
Competition and Entrepreneurship
Ekelund, R. B., & Kirzner, I. M. (1974) · Southern Economic Journal · doi:10.2307/1056112 · Cited by 5,009
An Introduction to the Theory of Statistics
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Understanding the small business sector
(1995) · Long Range Planning · doi:10.1016/0024-6301(95)90953-2 · Cited by 4,190
An estimated model of entrepreneurial choice under liquidity constraints
Evans, D. S., & Jovanovic, B. (1989) · Journal of Political Economy · doi:10.1086/261629 · Cited by 3,347
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
Blanchflower, D. G., & Oswald, A. J. (1998) · Journal of Labor Economics · doi:10.1086/209881 · Cited by 2,319
A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion
Kihlstrom, R. E., & Laffont, J.-J. (1979) · Journal of Political Economy · doi:10.1086/260790 · Cited by 1,917
Cited by
What is the value of entrepreneurship? A review of recent research
van Praag, C. M., & Versloot, P. H. (2007) · Small Business Economics · doi:10.1007/s11187-007-9074-x · Cited by 1,206
Self-citationThe motivation to become an entrepreneur
Segal, G., Borgia, D., & Schoenfeld, J. (2005) · International Journal of Entrepreneurial Behavior & Research · doi:10.1108/13552550510580834 · Cited by 1,026
Economic Freedom and the Motivation to Engage in Entrepreneurial Action
McMullen, J. S., Bagby, D. R., & Palich, L. E. (2008) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2008.00260.x · Cited by 668
EDUCATION AND ENTREPRENEURSHIP SELECTION AND PERFORMANCE: A REVIEW OF THE EMPIRICAL LITERATURE
Van Der Sluis, J., Van Praag, M., & Vijverberg, W. (2008) · Journal of Economic Surveys · doi:10.1111/j.1467-6419.2008.00550.x · Cited by 616
Business Survival and Success of Young Small Business Owners
van Praag, C. M. (2003) · Small Business Economics · doi:10.1023/a:1024453200297 · Cited by 451
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Metadata
- Authors
- Van Praag, C. M., & Cramer, J. S.
- Venue
- Economica
- Publisher
- Wiley
- Published
- 2001-02
- Volume
- 68
- Issue
- 269
- Pages
- 45-62
- ISSN
- 0013-0427 (ISSN-L)
- 1468-0335
- OpenAlex
- W2172080263
- Cited by
- 573
- References
- 18
- FWCI
- 8.89
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
