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Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role … models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial …
Persistent link: https://www.econbiz.de/10011507850
During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several new equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...
Persistent link: https://www.econbiz.de/10011507965
Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
Persistent link: https://www.econbiz.de/10011514038
investee firms per fund) of private funds versus LSVCCs; and (4) the performance of LSVCCs relative to other types of venture …
Persistent link: https://www.econbiz.de/10011514156
determinant for performance differentials within cohorts. We find that the optimal policy is pro-competitive at later selection … of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … occur at early stages, where selection is either counter-competitive (i.e. individuals with low skill signals are selected …
Persistent link: https://www.econbiz.de/10009522298
particular behavior of economists can be explained by a selection effect. …
Persistent link: https://www.econbiz.de/10011398894
migrant selection. We analyze bilateral country-level education-specific migration stocks from 85 sending countries to the 15 …
Persistent link: https://www.econbiz.de/10011300374
The assumption that all migrations are permanent, which pervaded the early microdata-based research on immigrant career profiles, is not supported by the empirical evidence. Rather, many - if not most - migrations appear to be temporary. In this paper, therefore, we illustrate the estimation...
Persistent link: https://www.econbiz.de/10011481390
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10011539004
heterogeneity, sample selection and instrumenting for possible endogeneity is 0.21. Individual and institutional features are …
Persistent link: https://www.econbiz.de/10011539026