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Risikokapital
innovation race
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market commitment mechanism
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Innovationswettbewerb
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prizes and sorting
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A CRISIS OF EXCESSIVE CONSUMPTION
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GLOBAL ECONOMIC CRISIS
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Goldfain, Ekaterina
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Financing of Competing Projects with Venture Capital
Goldfain, Ekaterina
;
Kovac, Eugen
-
2005
We analyze
innovation
race
in a moral hazard setting. We develop a model in which two competing entrepreneurs work …
Persistent link: https://www.econbiz.de/10010263158
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