Entrepreneurial Activities: A Microeconomic Analysis
George Washington University - Department of Economics
July, 10 2008
People have different preferences for performing entrepreneurial activities. These differences can be influenced by actions of the state. Special attention is paid to examine the individual behavior in choosing employed work or entrepreneurial activities. Individual supply of entrepreneurial work is aggregated. Equilibrium entrepreneurial activity is given by the balance of aggregate supply and aggregate demand. States can promote more aggregate supply of entrepreneurial activity through engaging institutional devices, or they can make institutional changes to increase aggregate demand for entrepreneurial activity through domestic and global markets. The effects of appropriate institutional settings on entrepreneurial activities over time are highlighted.
Number of Pages in PDF File: 26
Keywords: Entrepreneurship, Entrepreneurial Activities, Institutional Contraints
JEL Classification: L26, D01, D02, D00working papers series
Date posted: July 11, 2008
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