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Modeling of Necessity Entrepreneurship via General Equilibrium Approach
P. 185-190.
Fomenko M., Alexander Shapoval
We construct a structural model of the occupational choice under unemployment, giving a natural definition of necessity entrepreneurs as individuals who fail to find a salaried job, but running business, they are able to earn more than the unemployment benefit. The existence of the necessity entrepreneurs shrinks unemployment in the economy and positively affects the welfare.
In book
Vol. 2478: CEUR Workshop Proceedings. , CEUR-WS.org, 2019