Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22415
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dc.contributor.authorClemens, Christianeen_US
dc.date.accessioned2009-01-29T14:59:27Z-
dc.date.available2009-01-29T14:59:27Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/22415-
dc.description.abstractThis paper investigates the effects of monopolistic competition on entrepreneurial risk-taking in a general equilibrium model. In this context, occupational choice of risk averse agents is biased towards firm ownership. In this case, the inefficiencies due to the presence of non-diversifiable risk are partly compensated by inefficiencies arising from imperfect competition. Comparative static results show that too many firms remain in the market for an increase in the degree of risk aversion, thereby mutually deteriorating profit opportunities, which provides an explanation for the empirically observed comparably low risk premium on entrepreneurial risk.en_US
dc.language.isoengen_US
dc.relation.ispartofseries|aDiskussionspapiere des Fachbereichs Wirtschaftswissenschaften, Universität Hannover |x303en_US
dc.subject.jelD4en_US
dc.subject.jelD5en_US
dc.subject.jelD8en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomics of uncertaintyen_US
dc.subject.keywordoccupational choiceen_US
dc.subject.keywordmonopolistic competitionen_US
dc.subject.stwMonopolistischer Wettbewerben_US
dc.subject.stwUnternehmeren_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwTheorieen_US
dc.titleMonopolistic Competition and Entrepreneurial Risk-Taking - Too many Cooks Spoil the Broth (but Everyone is better off) -en_US
dc.typeWorking Paperen_US
dc.identifier.ppn396390102en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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