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Essays In Entrepreneurship, Innovation And Labor, Andres Gonzalo Hincapie Norena

Arts & Sciences Electronic Theses and Dissertations

I explore the role of experimentation on the career choices of individuals deciding whether to be paid employees or entrepreneurs, and on the decisions of consumers deciding what medical treatment to buy. In the labor market, experimentation entails the accumulation of information that allows individuals to improve their occupational choices. In the product market, experimentation entails discovering the quality of new products and it may have an effect on the evolution of technology: less experimentation by individuals may slow down the process of innovation. I start in Chapter 2 with the observation that most individuals do not start a business …