Dynamics of Entrepreneurship under Incomplete Markets

Chong Wang, Neng Wang, Jinqiang Yang

NBER Working Paper No. 16843
Issued in March 2011

---- Acknowledgements -----

We thank Marco Bassetto, Cristina De Nardi, Bob Hall, Jim Hamilton, Bob Hodrick, Boyan Jovanovic, Dirk Krueger, Tom Sargent, Laura Vincent, Toni Whited, Noah Williams, James Witkin, and seminar participants at Columbia, UCSD, and Wisconsin Madison for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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