Overview

This text develops a unifying model in which most of the market and personal determinants are integrated and set into perspective. It is shown how the developed unifying model can be converted into the well-known logit/probit models with estimable parameters. In this way these latter models are given a sound theoretical basis. Moreover, an explicit link is accomplished between two fields of economics that so far have developed almost independently: the theoretical general-equilibrium models and the empirical logit/probit models. The parameters of the derived probit models are estimated using two different data sets. The results are particularly interesting because use is made of a data set containing childhood and family background information of the potentially self-employed individuals. Finally, it is shown how the models of self-employment described in this book can be used to analyze the transitions from a centrally planned economy to a market economy, which take place in Eastern Europe and the former Soviet republics. More specifically, political economic conditions are derived that may stimulate or inhibit such transitions.

Full Product Details

Author:   Gerrit de Wit
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Physica-Verlag GmbH & Co
Edition:   Softcover reprint of the original 1st ed. 1993
Dimensions:   Width: 17.80cm , Height: 1.10cm , Length: 25.40cm
Weight:   0.404kg
ISBN:  

9783790806939

ISBN 10:   3790806935
Pages:   194
Publication Date:   28 June 1993
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

Table of Contents

1 Introduction.- 1.1 Relevance of the subject.- 1.2 The definition of self-employment.- 1.3 Determinants of self-employment in the literature.- 1.3.1 Firm oriented studies.- 1.3.2 Person oriented studies.- 1.3.3 Firm and person oriented studies.- 1.4 Outline of the book.- 2 Models of self-employment in a competitive market.- 2.1 The basic model.- 2.2 Different entrepreneurial abilities.- 2.3 The choice of wage-employment.- 2.4 Capital requirements.- 2.5 Demand uncertainty.- 2.6 Cost uncertainty.- 2.7 Dynamical models.- 2.8 The influence of taxation.- 2.9 Conclusion.- 3 An m-sector, n-group behavioral model of self-employment.- 3.1 Contributions of the model with respect to the literature.- 3.2 The model.- 3.2.1 Qualitative description.- 3.2.2 Production.- 3.2.3 Utility functions and risk attitude.- 3.2.4 Taxation.- 3.2.5 Occupational choice.- 3.2.6 Product demand and the supply of capital and labor.- 3.2.7 Solution of the model.- 3.3 Comparative statics in the 1-sector, n-group model.- 3.3.1 Results.- 3.3.2 Explanation of results.- 3.4 Comparative statics in the m-sector, 2-group model.- 3.4.1 Results.- 3.4.2 Explanation of results.- 3.5 Sensitivity of results.- 3.6 Conclusion.- 4 Intermezzo. Investigations of a certain class of linear complementarity problems.- 4.1 Introduction.- 4.2 Solvability of LCP's of class A.- 4.3 Some graph theoretic concepts.- 4.4 Some features of the class of matrices ?.- 4.5 Characterizations of solutions of LCP's of class A.- 4.6 A sufficient condition for uniqueness.- 4.7 Major findings and discussion.- 4.8 Importance of the results for the model of self-employment.- Appendix A.- Appendix B.- 5 From the general-equilibrium model to a probabilistic-choice model.- 5.1 An alternative production function.- 5.2 Consequences for the model.- 5.3 The probabilistic-choice model.- 5.4 Conclusion.- 6 Two empirical applications.- 6.1 Comparable empirical studies.- 6.2 The model.- 6.3 Empirical application using the Brabant survey.- 6.3.1 Description of the data set.- 6.3.2 Specification of the variables.- 6.3.3 Empirical results.- 6.4 Empirical application using the economists survey.- 6.4.1 Description of the survey.- 6.4.2 Specification of the variables.- 6.4.3 Empirical results.- 6.5 Conclusion.- 7 Nomenklatura, state monopoly and private enterprise.- 7.1 Introduction.- 7.2 The basic model.- 7.3 The choice between the two regimes.- 7.4 The impact of taxation.- 7.5 Political pluralism.- 7.6 Conclusion.- 8 Summary.- References.- Author index.- List of symbols.

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