Entrepreneur’s Knowledge, Firm Survival, and the Normalized Burn Rate

Working Papers

We study the association of spending per employee with startup firm survival. Our theory model posits that entrepreneur’s knowledge defines the complex decision process of combining human and non-human inputs to increase firm value. Read More

Big Pushes, Little Hollywoods: Local Economic Development Effects of Film Tax Credit Lotteries

Working Papers

The extent to which local incentive policies (such as subsidies and tax credits) are effective at spurring new centers of innovation, and whether these incentives induce overall productivity growth or just a shift of production from one region to another, is the subject of this proposal.Read More