We consider how government-owned enterprises affect privately owned rivals. Specifically, we compare the types of markets that municipally owned telecommunications providers in the United States serve to the types of markets that competitive local exchange carriers (CLECs) serve. We find that CLECs focus on potential profitability while municipalities appear to respond to other factors, such as...

improving employment opportunities for people and reducing the economic burden on government requires a broad and concentrated effort on private sectors.  private sector growth is a key engine for creation jobs. the major advantage of private sector is its employment potential at low capital cost. these sectors are the nursery of entrepreurship, often driven by individual creativity and innovat...

This paper presents new results obtained from investigating the data from a 2015 Vietnamese entrepreneurs' survey, containing 3071 observations. Evidence from the estimations using multinomial logits was found to support relationships between several sociocultural factors and entrepreneurship-related performance or traits. Specifically, those relationships include: (a) Active participation in e...

This paper provides generic guidelines for starting entrepreneurs. First, the basic features of a good business plan are addressed in a pattern language for creating an innovative business plan. Second, soft skills for starting entrepreneurs are discussed in a pattern language for interactions with ‘outside’ people, as these interactions are crucial for a validation and realization of a busines...

This paper studies a general equilibrium model of an economy with production under uncertainty in which firms’ capital (ownership) structures creates a moral hazard problem for their managers. The concept of an equilibrium with rational, competitive price perceptions (RCPP) is introduced, in which investors correctly anticipate the optimal effort of entrepreneurs by observing their financial de...

This paper argues that it is crucially important to differentiate between two very distinct sets of entrepreneurs: subsistence and transformational entrepreneurs. Recent evidence suggests that people engaging in these two types of entrepreneurship are not only very distinct in nature, but that only a negligible fraction of them transition from subsistence to transformational entrepreneurship. T...

in the current world, entrepreneurs are origin of great developments in industrial, servant and commercial contexts and are motivator of development. the main objective of this study was to explore and deeply explain the experiences of entrepreneurs about entrepreneurship phenomenon, as they perceive themselves. research method was qualitative in the way of phenomenology. population included su...

How do feelings influence the effort of entrepreneurs? To obtain data on this issue, the authors implemented experience sampling methodology in which 46 entrepreneurs used cell phones to provide reports on their affect, future temporal focus, and venture effort twice daily for 24 days. Drawing on the affect-as-information theory, the study found that entrepreneurs' negative affect directly pred...

This paper seeks to examine the relationship between education demand and entrepreneurs in the process of enhancing the growth of human capital in China. We develop a theoretical model that incorporates the important roles played by human capital, education and entrepreneurs. Then, we derive an immigration condition under which the demand for education depends on the existence of entrepreneurs....

We empirically study how opportunity cost of entrepreneurship conditions entrepreneurial performance. We assume that entrepreneurs in high tech startups aim to “cash out”, by being acquired on favorable terms or through an IPO. Entrepreneurs with few alternative opportunities will tend to linger on as long as they can in the hopes of cashing out, whereas those with plentiful opportunities have ...