Article Title
Abstract
The aggregate level of entrepreneurial activity varies considerably between countries. Yet several studies show that these differences are persistent, indicating that the level of entrepreneurial activity may be a structural characteristic of a country (Acs, Arenius, Hay & Minniti, 2004). Assuming that entrepreneurial activities have the potential for improving the relative payoffs of those pursuing them and the productivity of society as a whole, it seems obvious that the forces of natural selection could have selected and retained them. However, most individuals never take steps towards self-employment and most of those who try, fail. We therefore pose the following question. Under which conditions would individual behaviors lead societies to display a relatively stable proportion of people who start businesses and people who do not? We address this issue from an evolutionary game theoretic perspective and argue that this framework suggests a new way of answering a question that still motivates entrepreneurial research, namely, whether entrepreneurs are different from other economic agents.
Recommended Citation
Kuechle, Graciela
(2008)
"EVOLUTION, GAMES AND ENTREPRENEURSHIP THEORY (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 28
:
Iss.
5
, Article 2.
Available at:
https://digitalknowledge.babson.edu/fer/vol28/iss5/2