Arbeitspapier
Firm Formation with Complementarities: The Role of the Entrepreneur
We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among heterogeneousagents. Unique to our approach is that occupational choices, jobmatching and organizational forms are determined simultaneously, sothat the opportunity costs of entrepreneurs are accounted for. Wefind that (1) individuals who are relatively unmanageable become entrepreneurs; (2) entrepreneurs compete against each other and createvalue by building efficient organizations and offering potentially verywell paid jobs for others; and (3) entry of an additional entrepreneurtypically reduces some individual wages, but always raises the averagewage and depresses the average incomes of incumbent entrepreneurs- strictly so if the new firm partially imitates existing organizations.Our results shed a new light on the role of entrepreneurs in the economy and may be applied to explain low returns to self-employment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 09-003/3
- Klassifikation
-
Wirtschaft
Entrepreneurship
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
Production and Organizations: General
Organization of Production
- Thema
-
Entrepreneurship
job matching
occupational choice
firm formation
firm organization
Unternehmensgründung
Arbeitsnachfrage
Substitutionselastizität
Unternehmensorganisation
Entrepreneurship-Ansatz
Spieltheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Roessler, Christian
Koellinger, Philipp
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Roessler, Christian
- Koellinger, Philipp
- Tinbergen Institute
Entstanden
- 2009
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