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We investigate the effect of state subsidy on the behavior of entrepreneur and venture capitalist in a double moral hazard and fixed investment model under positive externalities. We infer that investment subsidy and success fee improve the incentives, ease credit rationing, hence boost private...
Persistent link: https://www.econbiz.de/10011904834
The dataset presented in this paper consists of a network of interpersonal lending relations from a single village of a deprivated area of Hungary. The data are originated from quantitative surveys from May 2014 to June 2014. The data collection was embedded in a Participatory Action Research...
Persistent link: https://www.econbiz.de/10013547112