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Entrepreneurship and Growth: An Overlapping Generations Approach
The paper discusses a two sector neoclassical overlapping generations
economy with intermediate and final goods in the spirit of Romer. The author finds that expected profits of monopolists do not vanish in equilibrium and that the level of economic performance is inefficiently low due to the presence of risk.
Link
http://www.wiwi.uni-hannover.de/fbwiwi/forschung/diskussionspapiere/dp-304.pdf