2011 Fiscal Year Final Research Report
The Effects of Borrowing Constraints on Entrepreneurial Choice
| Project/Area Number |
21730184
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Applied economics
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| Research Institution | Nagoya University (2010-2011)
Tokyo Institute of Technology (2009) |
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Principal Investigator |
ADACHI Takanori 名古屋大学, 大学院・経済学研究科, 准教授 (50515153)
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| Project Period (FY) |
2009 – 2011
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| Keywords | 起業 / 自営業 / 借入制約 / 人的資本 / 参入・退出 |
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| Research Abstract |
This research project focuses on the emergence and duration of firms at initial stages such as self-employment and entrepreneurship, and pricing behavior of matured firms under imperfect competition. Specifically, it studies the effects of the friction in borrowing and lending on the emergence and duration of firms, and the effects of flexible pricing behavior of firms on firms' profits and consumer welfare. The main results includes the finding that indirect policies such improvements of financial environments do not necessarily encourage new entries but do encourage longer duration.
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