Entrepreneurship formation mechanism

Author: Li Shaobin
Publisher:
Publish Date: 2005-12-01
Features: This book adopts a unique perspective, using evolutionary game theory and human capital theory to construct an evolutionary game equilibrium model of entrepreneur formation, studying the dynamic evolutionary process of entrepreneurs and the trends and mechanisms of entrepreneur formation. The author applies this model to conduct stable equilibrium analysis on issues such as entrepreneurs' human capital investment, innovation investment and financing decisions, enterprise reform in state-owned enterprises, and the relationships between enterprises and entrepreneurs, as well as between the government and entrepreneurs. It clarifies that the government can incentivize innovation in state-owned enterprises and encourage entrepreneurs to innovate through institutional reform, which is a locally optimal equilibrium under path dependence, and proposes mechanisms to incentivize and constrain entrepreneurs.