during 1992-98. 103 of these companies had venture-capital backing at the IPO.The sample is also broken down into firms …-tech industries), venture-capital backing of the IPO is not used as a substitute for, but rather as a complement to, lock … because the underwriters of VC-backed IPOs expect heavy sales by the VCs in the period after the IPO and decide to lock in the …

explanation for a range of empirical phenomena related to initial public offerings (IPO's), such as the waiting time until firms … go public, lock-up periods, operating underperformance of IPO's and post-IPO divestment.The equilibrium divestment …

The paper studies simple strategies of labor tax reform in a search and matching model of the labor market featuring …

Random matching models with different states are an important class of dynamic games; for example, money search models …

This paper stresses the importance of a specification of the matching function in which the measure of job matches … corresponds to the measure of job searchers. In many empirical studies on the matching function this requirement has not been … market. In this paper, we specify and estimate matching functions where the flow corresponds to the correct stock. We use …

search and matching in labor markets. More specifically, it takes a discretetime adaptation of the continuous-time matching … for topological chaos.The implication is that even in a simple economy characterized by search and matching frictions, an …