Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/22415
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Clemens, Christiane | en |
dc.date.accessioned | 2009-01-29T14:59:27Z | - |
dc.date.available | 2009-01-29T14:59:27Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/22415 | - |
dc.description.abstract | This 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 |
dc.language.iso | eng | en |
dc.publisher | |aUniversität Hannover, Wirtschaftswissenschaftliche Fakultät |cHannover | en |
dc.relation.ispartofseries | |aDiskussionsbeitrag |x303 | en |
dc.subject.jel | D4 | en |
dc.subject.jel | D5 | en |
dc.subject.jel | D8 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | economics of uncertainty | en |
dc.subject.keyword | occupational choice | en |
dc.subject.keyword | monopolistic competition | en |
dc.subject.stw | Monopolistischer Wettbewerb | en |
dc.subject.stw | Unternehmer | en |
dc.subject.stw | Risikopräferenz | en |
dc.subject.stw | Theorie | en |
dc.title | Monopolistic Competition and Entrepreneurial Risk-Taking - Too many Cooks Spoil the Broth (but Everyone is better off) - | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 396390102 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:han:dpaper:dp-303 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.