In the knowledge society of the 21st century, general education, training, and further education have been recognized to be major determinants for the economic success of entire regions, countries, and continents. This special issue offers a line of contributions covering every step in an individual’s educational career - from early childhood all the way up to adult further education and combines the variety of methods available in theoretical, empirical, and managerial economics.
This volume is dedicated to the first Haniel-Kreis, held in Berlin from January 4 to 8, 2005. The event featured stimulating bilateral meetings, scientific presentations, and intense discussions. A notable theme among the authors is the increasing interest in applying economic models and econometrics to entrepreneurship, a relatively young research field attracting attention from various disciplines, including economics, psychology, sociology, operations research, and management. The Kreis emphasizes an economic perspective, highlighting insights from behavioral economics, operations research, and management.
Key areas of entrepreneurial decision-making are explored, including the choice to start a business and the factors influencing this decision, such as age (Levesque and Minniti), perceptions of personal ability (Köllinger et al.), and the institutional environment in a country (Choi and Phan). The volume also addresses succession decisions in family businesses and the organization of generational transfers (Phan et al.). Additionally, it discusses the design of incentive-compatible wage schemes relevant to entrepreneurial decision-making (Demougin and Fluet).
