Is More Entrepreneurship better?

Philipp Koellinger and Christian Roessler
Additional contact information
Christian Roessler: Brown University

No 09-105/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these well-established dynamics. Our approach focuses on changing incentives to specialize and adapt, in order to access complementarities that arise from diverse abilities and access to wealth. We discuss why the efficient number of entrepreneurs is bounded and changes in the course of economic development.

Keywords: Entrepreneurship; theory of the firm; organizations; economic development (search for similar items in EconPapers)
JEL-codes: D20 J24 L26 O10 (search for similar items in EconPapers)
Date: 2009-11-19, Revised 2009-12-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://papers.tinbergen.nl/09105.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20090105

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().