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- W2556291041 abstract "We extend Lucas’(1978) general equilibrium model of occupational choice by assuming that a fraction of individuals in the economy derive anticipatory utility from entrepreneurship and are able to bias their beliefs to in‡ate these anticipatory bene…ts. We show that these individuals endogenously choose to be optimists about" @default.
- W2556291041 created "2016-11-30" @default.
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- W2556291041 date "2016-01-01" @default.
- W2556291041 modified "2023-09-26" @default.
- W2556291041 title "A General Equilibrium Theory of Firm Formation under Optimal Expectations" @default.
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