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Gregory M. Randolph

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James Fetzner and Gregory M. Randolph

Regulation impacts the activities of entrepreneurs in a fundamental and continuous way. Scholars and policymakers have considered the impact of regulation and attempting to promote regulatory reform for decades, with only modest success on both fronts. We seek in this chapter to delve deeper, and afresh, into this critical subject matter in hopes of stimulating creative academic and public thought and conversation. Regulation at the federal level in the U.S. is examined through the utilization of several regulatory survey studies. The rationale for the use of regulation is discussed, focusing on the costs and benefits associated with different methods available to address economic and social problems. The chapter concludes by providing an overview of the current regulatory process in the U.S. and reviewing potential reforms aimed at improving regulatory performance. Keywords: Regulation, entrepreneurship, regulatory reform

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Gregory M. Randolph and Marek Rivero

Researchers have embraced the topics of entrepreneurship and institutions since the 1990s, but a great deal of work remains in addressing the role of informal institutions in determining entrepreneurial outcomes and the use of public policy to encourage productive entrepreneurship. This chapter highlights the importance of understanding informal institutions to best encourage entrepreneurship and foster economic growth. In order to assist researchers, an overview of the available measures of informal institutions is provided and the potential benefits of case-study approaches are addressed. The chapter identifies the implications of research regarding informal institutions for policymaking, and provides suggestions for research going forward. Keywords: Informal institutions, entrepreneurship, public policy

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Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph

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Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph

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Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph

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Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph

Examining the economics of entrepreneurship from the perspectives of productive versus unproductive entrepreneurial behavior and the role of institutions in economic outcomes, the authors in this book seek to advance the research on institutions by providing a simple framework to analyze the broader, long-term consequences of economic policies. They examine the relationship between economic freedom and economic outcomes and summarize empirical evidence and theory. The book also provides practical policy solutions that are based on the authors' cogent analyses.
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Edited by Gregory M. Randolph, Michael T. Tasto and Robert F. Salvino Jr.

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Edited by Gregory M. Randolph, Michael T. Tasto and Robert F. Salvino Jr.