Imperfect transmission of tacit knowledge and other barriers to entrepreneurship

Kanniainen, Vesa und Poutvaara, Panu (2007): Imperfect transmission of tacit knowledge and other barriers to entrepreneurship. CESifo Working Paper,

Abstract

This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate entry cost, there are entry costs caused by regulation. Second, union wage policies raise the opportunity cost of entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon s market. This problem becomes relevant when the economic life of a business idea exceeds the active life of an entrepreneur.

• Dokumententyp: Paper
• Fakultät: Volkswirtschaft ; Volkswirtschaft > Lehrstühle > CESifo-Professur für Vergleichende Institutionenökonomik
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• Sprache: Englisch