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Regular version of the site

Book chapter

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

Edited by: Irina Lomazova, Anna Kalenkova, Р. Яворский. Vol. 2478: CEUR Workshop Proceedings. CEUR-WS.org, 2019.