| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11295 |
| DP11295 The Value of Entrepreneurial Failures: Task Allocation and Career Concerns | |
| Andrea Canidio | |
| 发表日期 | 2016-05-24 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | The task assignment that maximizes present expected output is not necessarily the most informative about an agent’s comparative advantage at different tasks. En- trepreneurs are free to choose their task assignment—workers in firms are not. When labor market frictions are low, any surplus generated by a more informative task as- signment is captured by the worker, and firms maximize present expected output in their task assignment. Hence, agents may choose entrepreneurship to learn their comparative advantage. The opposite holds when labor market frictions are large. The model establishes a causal relation between the degree of labor market frictions, the value of entrepreneurial failures, the level of entrepreneurial activity, the degree of firms’ short-termism, and the rate of within-firm talent discovery. The theoretical correlations between these variables are consistent with the evidence available for the US and continental Europe. |
| 主题 | Industrial Organization |
| 关键词 | entrepreneurship Entrepreneurial failures Organizational choice Learning Task allocation Career concerns |
| URL | https://cepr.org/publications/dp11295 |
| 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/540113 |
| 推荐引用方式 GB/T 7714 | Andrea Canidio. DP11295 The Value of Entrepreneurial Failures: Task Allocation and Career Concerns. 2016. |
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