Productivity and Entrepreneurship in a Model a’la Melitz
Высшая школа экономики , 2013.
We develop a monopolistic-competition model of closed two-sector one-factor economy, where agents are (continuously) heterogeneous in their entrepreneurship abilities and choose between being employees or entrepreneurs. How the share of entrepreneurs in population changes when the market expands? The sufficient conditions in terms of variable elasticity of substitution are found for expanding or shrinking entrepreneurial sector. The changes in equilibrium consumptions, outputs, prices in the diversified sector are found for several important specifications of utility functions. In particular, special case of CES utility for varieties and Cobb-Douglas preference between the two sectors is the «neutral» borderline case between markets with increasing or decreasing productivity (and share of entrepreneurs) under market expansion.
, , / Высшая школа экономики. Series WP BRP "Economics/EC". 2013.
In this paper we examine heterogenous individuals' occupational choice problem. The agents differ in their entrepreneurial talent and productivity and make their occupational choices by comparing their reservation wages to expected proﬁts from running a firm. The model set-up delivers a cut-off function that describes a set of agents indifferent between the two occupations. This ...
Added: December 5, 2013
Распределение предпринимательских способностей и миграция: структура занятости, неравенство доходов и благосостояние
, , Журнал Новой экономической ассоциации 2015 № 2 С. 36-62
We define a general equilibrium model with heterogeneous individuals who are endowed by identical preferences, given by utility function with constant elasticity of substitution (CES), and by heterogeneous entrepreneurial skills. We find that scale effects linked to migration are tractable in the framework of the constructed model because the migration changes the market size together ...
Added: November 13, 2014
, , et al., Экономический журнал Высшей школы экономики 2015 Т. 19 № 2 С. 218-248
This paper studies how heterogeneous individuals, that differ by entrepreneurial skills and productivity as a worker, endogenously choose their occupation (workers vs. entrepreneurs) based on expected income comparison (wages vs. profits). Each entrepreneur runs a firm that produces a single variety of a horizontally differentiated good under monopolistic competition. We show that the cutoff for occupational selection between workers ...
Added: June 16, 2015
, , Вестник Санкт-Петербургского университета. Серия 8. Менеджмент 2016 № 3 С. 107-138
This article presents the results of a research which purpose was to investigate the link between institutional features and the motivation of entrepreneurial activity on the country level. We evaluate the level of total early-stage entrepreneurial activity, and, more specifically, the share of necessity-driven entrepreneurship. Taking into account Scott’s institutional theory, we established the main factors ...
Added: February 12, 2017
, , Journal of Developmental Entrepreneurship 2010 Vol. 15 No. 4 P. 461-479
The level of self-employment among immigrants is often higher than among natives. The purpose of this paper was to test empirically whether selective migration with respect to entrepreneurial characteristics may explain this difference. The relevant hypotheses were tested comparing representative samples of Russian immigrants in Norway and their stay-at-home counterparts. Data from the Russian population ...
Added: November 18, 2012
Предпринимательство и реформы в России: материалы 18-й международной конференции молодых ученых-экономистов 22 - 23 ноября 2012 г.
СПб. : ЭФ СПбГУ, 2012
Proceedings of the 18th international conference of young scientists and economists November 22 - 23, 2012 ...
Added: March 24, 2014
Reading : Academic Conferences and Publishing International Limited, 2019
The proceedings contain 154 papers. The topics discussed include: the innovation of a hybrid business model for social enterprises; high-technology entrepreneurship for high-growth innovation among entrepreneurs in Bahrain; financial illiteracy and entrepreneurship success: literature review; entrepreneurial competencies and firm performance: evidence from Bahrain; entrepreneurship education and country competitiveness: avenues for future research in the Arab countries; social entrepreneurship as an innovative solution mechanism of social problems in the economy ...
Added: October 29, 2019
Innovation, Entrepreneurship and Industrial Dynamics in Internationalized Regional Economies. Revised papers presented at the 20th Uddevalla Symposium, 15-17 June, 2017, Trollhattan, Sweden
University West, 2017
This antology consists of 28 revised papers, first presented and discussed at the 20th Anniversary Uddevalla Symposium 2017 on " Innovation, Entrepreneurship and Industrial Dynamics in Internationalized Regional Economies" , which was held at University West, Trollhattan, Sweden on 15-17 June 2017. ...
Added: October 19, 2018
, Journal of Business Venturing Insights 2021 Vol. 16 P. 1-7
The paper aims to contribute to the discussion on “productive, unproductive, and destructive” entrepreneurship started by William Baumol. It supports the position that all three categories in Baumol's typology are important to understand how institutions affect entrepreneurship but advocates for an alternative approach to distinguish among them. While the traditional demarcation is often based on ...
Added: June 28, 2021
, , / The Economics Education and Research Consortium. Series WP 14/02E "A. Enterprises and product markets". 2014. No. 14/02E.
Inspired by advances in general equilibrium modelling with monopolistic competition were-consider the problem of the choice of firms under uncertainty, explore it in the framework of general equilibrium modelling, and develop a theory of monopolistic competition under demand uncertainty. We distinguish between two cases of uncertainty. In the first case the uncertainty disappears by the ...
Added: September 28, 2016
, , , / Austrian Institute of Economic Research, Vienna Institute for International Economic Studies, Computing Centre for Economics and Social Sciences. Series FIW "FIW Working Paper". 2013. No. 124.
We develop a two-factor, two-sector trade model of monopolistic competition with variable elasticity of substitution. Firm profit and firm size may increase or decrease with market integration depending on the degree of asymmetry between countries. The country in which capital is relatively abundant is a net exporter of the manufactured good, while both firms' size ...
Added: November 19, 2013
, Экономический журнал Высшей школы экономики 2021 Т. 25 № 2 С. 263-291
The choice of entrepreneurial activity and self-employment is associated with higher level of risk and requires a degree of love for it. The literature on risk preferences and entrepreneurship is extensive, but there is a limited amount of empirical research are on the crossroads of these topics. The papers focused on the Russian labor market taking into account ...
Added: July 29, 2021
, , Mathematical Models and Computer Simulations 2014 Vol. 6 No. 5 P. 445-455
Based on the well-known model of monopolistic competition by Melitz with a finite number of firms, we built a number of dynamic models, designed to clarify the dynamic behavior of the original construction. Two variants of the formal Melitz dynamic model are presented, with the quasi-steady state found in one of them. Also, the models ...
Added: September 22, 2014
Eurasian Studies in Business and Economics. Country Experiences in Economic Development, Management and Entrepreneurship
Switzerland : Springer, 2017
This volume brings together selected papers from the 17th EBES Conference, organized in Venice in winter 2015. The theoretical and empirical papers present the latest research in diverse areas of business, economics, and finance from many different regions. They chiefly focus on the interactions between economic development, entrepreneurship and financial institutions, especially putting the spotlight on ...
Added: November 17, 2016
Historical shocks and persistence of economic activity: evidence on self-employment from a unique natural experiment
, , et al., Regional Studies 2019 Vol. 53 No. 6 P. 790-802
This paper investigates the persistence of self-employment in the districts of Kaliningrad, a Russian exclave, between 1925 and 2010. The area experienced a number of disruptive historical shocks during this period. This setting rules out the fact that the persistence of self-employment can be explained by the persistence of institutions and culture. Nevertheless, a high ...
Added: July 31, 2018
, , et al., Bielsko-Biala : University of Bielsko-Biala Press, 2016
The main attributes of modern enterprises should be the flexibility and the ability of forecasting the future. Constant adaptation to the changing environment and the rapidity of undertaking certain actions which are conditioned by specific situations determine the rules for the future position of market competition. Effective and efficient adjustment of the company in line ...
Added: November 2, 2016
, / Высшая школа экономики. Series WP BRP "Economics/EC". 2017.
We derive a simple necessary and sufficient condition on preferences for the market outcome to be socially optimal under monopolistic competition with input-output (IO) linkages. Preferences that satisfy this condition are typically non-CES and display pro-competitive effects, although they converge to the CES when IO linkages become negligibly weak. We show that the equilibrium with ...
Added: June 2, 2017
, , Journal of International Economics 2012 No. 87 P. 1-17
We present a general equilibrium model of monopolistic competition featuring pro-competitive effects and a competitive limit, and investigate the impact of trade on welfare and efficiency. Contrary to the constant elasticity case, in which all gains from trade are due to product diversity, our model allows for a welfare decomposition between gains from product diversity ...
Added: November 23, 2013
Что такое предпринимательство и какая политика в отношении предпринимательства нужна России? (Заметки на полях работ современных зарубежных классиков)
, Журнал Новой экономической ассоциации 2012 № 2 С. 102-124
The article analyses the characteristics of small and medium sized enterprises and state policy towards SME in modern Russia – in the context of some rather unknown for the Russian experts evidences of last decades, formulated in the works of leading world researchers concerning the role of entrepreneurship, its conditions of development and institutional design ...
Added: August 18, 2012
, , et al., Small Business Economics 2021 Vol. 57 P. 1693-1713
Recent studies have substantially enhanced our understanding of attention deficit and hyperactivity disorder (ADHD) in entrepreneurship—articulating the theoretical relevance of ADHD-type traits in entrepreneurship and confirming the positive linkages between ADHD symptoms/diagnosis and entrepreneurial intentions and behavior. However, how and why some people with ADHD symptoms run successful ventures, while other entrepreneurs fail to perform ...
Added: September 9, 2020
, , , / CESifo Group Munich. Series "CESifo working paper". 2018. No. WP6965.
We develop a general equilibrium model of monopolistic competition with a traded and a nontraded sector. Using a broad class of homothetic preferences—that generate variable markups, display a simple behavior of their elasticity of substitution, and nest the ces as a limiting case— we show that trade liberalization: (i) reduces domestic markups and increases imported ...
Added: April 26, 2018
, Вестник Санкт-Петербургского университета. Серия 5. Экономика 2020 Т. 36 № 4 С. 579-600
This study investigates the effect of a twofold rise in fixed payments on sole-proprietors and entrepreneurial activity in 2013 and a twofold decline in these payments in 2014. The paper considers consequences of this decision for various facets of entrepreneurship: the presence of small and medium enterprises in an economy, the new business entries, and ...
Added: March 4, 2021
, , et al., СПб. : Левша-Санкт-Петербург, 2016
The book is a result of research conducted in the HSE as part of a research project supported by a grant from the Russian Humanitarian Foundation №16-02-00172 «Development of a multi-level game-tition theory, its methods and techniques." Scientific research in this area is expected to spend over three years - from 2016 to 2018. At ...
Added: February 14, 2017
, , Пространственная экономика 2014 № 3 С. 12-25
The article deals with the theory of monopolistic competition under demand uncertainty. The authors consider the economy with labor immobility consisting of the high-tech sector with monopolistic competition and the standard sector with perfect competition. Preferences between sectors are specified by the Cobb – Douglas production function. It is assumed that companies make output decisions under ...
Added: January 16, 2015