levels, and that when differences in opportunity costs exit, they can be conveniently represented by fixed costs. Opportunity … the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more … induce the exit of low and high cost firms. …

‘liquidation’ for about 6,000 venture backed firms. We model these exit times using competing risks models. Biotech and internet …

This paper addresses the choice between different exit routes of venture capitalists for a project yielding a quality … effects on the optimal exit strategy and on the financial contract. Going public can be more profitable than a trade sale (i … if the entrepreneur enjoys private benefits from staying an independent manager in the firm after the exit of the venture …