Occupational choice and entrepreneurship: From necessity to opportunity

We present a simple agency model with a monopolist lender and an individual facing an occupational choice between entering the labor market as a wage worker and starting a self‐managed business. We show that, when the reservation utility is relatively low, the lender may not want to offer any credit...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Annals of public and cooperative economics 2024-03, Vol.95 (1), p.225-247
1. Verfasser:	Distefano, Rosaria
Format:	Artikel
Sprache:	eng
Schlagworte:	Entrepreneurship Finance imperfect information Labor market necessity Occupational choice opportunity
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!