Arbeitspapier
An evolutionary approach to the theory of entrepreneurship
The building blocks of our model are bounded-rational actors with specific sets of endowments: ’entrepreneurial spirit’, human capital and venture capital. The entrepreneurial behavior to found a firm is triggered by the individuals’ endowments, their social network and the evaluation of the economic situation. Bandwagon effects occur when high growth rates in emerging markets increase firm entries and firm entries in return increase growth rates until competition unfolds its selective power. The firms’ survivability is determined by its founders endowments and its competitiveness. If actors are right or wrong in evaluating their economic situation and their consequent decisions is proven ex post. Thus, there will be winners and losers.
- Sprache
-
Englisch
- Erschienen in
-
Series: Volkswirtschaftliche Diskussionsreihe ; No. 206
- Klassifikation
-
Wirtschaft
New Firms; Startups
- Thema
-
Entrepreneurship
human capital
venture capital
social networks
evolutionary economics
swarms of innovations
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grebel, Thomas
Pyka, Andreas
Hanusch, Horst
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Augsburg, Institut für Volkswirtschaftslehre
- (wo)
-
Augsburg
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Grebel, Thomas
- Pyka, Andreas
- Hanusch, Horst
- Universität Augsburg, Institut für Volkswirtschaftslehre
Entstanden
- 2001
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