Eliciting time preferences of entrepreneurs as individuals and within the firm environment: survey evidence from an Italian sample.

Abstract

Abstract: This paper is a very unique work and is trying to analyze the behaviour of Italian entrepreneurs towards economic decisions. In particular the analysis is focused on their time preferences that have always been an important topic of economic literature. Through a hypothetical experimental survey algorithm this work is showing the relation between the level of impatience in the private sphere and in the business framework, controlling for different demographic variables. Randomization effect was taking into account for both the beta-coe cients elicited. As expected the sample is showing greater level of impatience in the firm decisions than in the personal sphere.