Entrepreneurship, Wealth, Liquidity Constraints, and Start-Up Costs
Published in: Comparative Labor Law and Policy Journal, v. 28, no. 4, Summer 2007, p. 637-674
Posted on RAND.org on January 01, 2007
This paper focuses on the effect of liquidity constraints and startup costs on the relationship between wealth and fraction of entrepreneurs in an economy. The authors consider a model of heterogeneous agents with occupational choice.