Law and the Economics of Entrepreneurship
22 Pages Posted: 12 Aug 2007 Last revised: 19 Oct 2007
I show how the law interacts with entrepreneurship in two principal ways. First, legal structures shape organizational forms in entrepreneurship. Second, legal rules and institutions carry public policy implications for entrepreneurship in at least three areas: regulation; bankruptcy legislation; and the broad area of property rights, corruption, and the efficiency of courts. This article reviews the literature on each of these issues.
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