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The Entrepreneurial Decision: Economic Theory and Empirical Evidence

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  • Joseph G. Eisenhauer

Abstract

This paper Integrates three major traditions of economic thought into a model of entrepreneurial decision making. Several testable hypotheses are formulated, and the model Is estimated using a 33-year sample of aggregate time-series data for the U.S.

Suggested Citation

  • Joseph G. Eisenhauer, 1995. "The Entrepreneurial Decision: Economic Theory and Empirical Evidence," Entrepreneurship Theory and Practice, , vol. 19(4), pages 67-79, July.
    • Handle: RePEc:sae:entthe:v:19:y:1995:i:4:p:67-79
    DOI: 10.1177/104225879501900405
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    References listed on IDEAS

    as
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    3. Capone, Charles Jr. & Capone, Beverly H., 1992. "Rational entry into risky markets with negative expected returns : The role of biased misestimation of profit potential," Journal of Economic Behavior & Organization, Elsevier, vol. 18(3), pages 415-425, August.
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    8. Cheah, Hock-Beng, 1990. "Schumpeterian and Austrian entrepreneurship: Unity within duality," Journal of Business Venturing, Elsevier, vol. 5(6), pages 341-347, November.
    9. Charles A. Campbell, 1992. "A Decision Theory Model for Entrepreneurial Acts," Entrepreneurship Theory and Practice, , vol. 17(1), pages 21-27, October.
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