Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22415 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorClemens, Christianeen
dc.date.accessioned2009-01-29T14:59:27Z-
dc.date.available2009-01-29T14:59:27Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aUniversität Hannover, Wirtschaftswissenschaftliche Fakultät |cHannoveren
dc.relation.ispartofseries|aDiskussionsbeitrag |x303en
dc.subject.jelD4en
dc.subject.jelD5en
dc.subject.jelD8en
dc.subject.ddc330en
dc.subject.keywordeconomics of uncertaintyen
dc.subject.keywordoccupational choiceen
dc.subject.keywordmonopolistic competitionen
dc.subject.stwMonopolistischer Wettbewerben
dc.subject.stwUnternehmeren
dc.subject.stwRisikopräferenzen
dc.subject.stwTheorieen
dc.titleMonopolistic Competition and Entrepreneurial Risk-Taking - Too many Cooks Spoil the Broth (but Everyone is better off) --
dc.typeWorking Paperen
dc.identifier.ppn396390102en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:han:dpaper:dp-303en

Files in This Item:
File
Size
280.79 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.