Blar i NHH Brage på emneord "wealth"
Viser treff 1-2 av 2
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Liquidity constraints and entrepreneurial performance
(Discussion paper, Working paper, 2007-09)If entrepreneurs are liquidity constrained and cannot borrow to operate on an efficient scale, those with more personal wealth should do better than those with less wealth. We investigate this hypothesis using a unique ... -
The power of money : wealth effects in contests
(Discussion Papers;13/2013, Working paper, 2013-06)Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic ...