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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9831 |
DP9831 Market Size, Entrepreneurship, and Income Inequality | |
Kristian Behrens; Evgeny Zhelobodko | |
发表日期 | 2014-02-16 |
出版年 | 2014 |
语种 | 英语 |
摘要 | We develop a monopolistic competition model with two sectors and heterogeneous agents who self-select into entrepreneurship, depending on entrepreneurial ability. The effect of market size on the equilibrium share of entrepreneurs crucially hinges on properties of the lower-tier utility function for differentiated varieties ? its elasticity of substitution and its Arrow-Pratt index of relative risk aversion. We show that the share of entrepreneurs, and the cutoff for self-selection into entrepreneurship, can increase or decrease with market size. The properties of the underlying ability distribution largely determine how income inequality changes with market size. |
主题 | International Trade and Regional Economics |
关键词 | entrepreneurship Heterogeneous agents Income inequality Market size Monopolistic competition |
URL | https://cepr.org/publications/dp9831 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538667 |
推荐引用方式 GB/T 7714 | Kristian Behrens,Evgeny Zhelobodko. DP9831 Market Size, Entrepreneurship, and Income Inequality. 2014. |
条目包含的文件 | 条目无相关文件。 |
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