Optimism and firm formation

This paper analyses firm formation and innovation in an economy where agents differ with respect to their optimism in the face of ambiguity. Individuals choose between starting a firm or working in one; and also between employing a traditional technology or a new technology about which little is kno...

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Veröffentlicht in:	Economic theory 2011, Vol.46 (1), p.1-38
Hauptverfasser:	Rigotti, Luca, Ryan, Matthew, Vaithianathan, Rhema
Format:	Artikel
Sprache:	eng
Schlagworte:	Ambiguity Belief function Career choice diffusion Economic theory Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Emerging technology Enterprises Entrepreneur Entrepreneurs Equilibrium Expected utility Game Theory Growth industries Industrial market Innovation Innovations Labor market Microeconomics Optimism Optimism/pessimism Pessimism Public Finance Research Article Revenue Social and Behav. Sciences Startups Studies Technological innovation Technological planning Technology Wages Workers
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