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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/10001718469
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
significantly increased in the municipalities receiving aid. This additional entry decreased average prices. Therefore, the …
Persistent link: https://www.econbiz.de/10012433753
and on technological innovation. The extended regime in which cooperation takes place on both dimensions (GHG emissions … innovation and diffusion (without targets on emissions). …
Persistent link: https://www.econbiz.de/10011409394
change exhibited by three types of innovation: computerisation (software), automation (robots) and artificial intelligence …
Persistent link: https://www.econbiz.de/10012696558
target areas with market failures. We estimate a structural model of fiber entry using a rich dataset on fiber deployment for … subsidies were granted to municipalities where private entry would not have occurred. Overall, we estimate the cost of …
Persistent link: https://www.econbiz.de/10014283906
efficient technology even in the absence of taxation. When taxation is necessary for innovation, both types of taxes are … effective. However, the energy tax outperforms the emission tax in terms of innovation incentives. …
Persistent link: https://www.econbiz.de/10011540791
We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …
Persistent link: https://www.econbiz.de/10002520985
Continued lobbying by high-end, American designers for intellectual property-type fashion design protection has culminated in the proposed Innovative Design Protection and Piracy Prevention Act, intended to introduce EU standards. Using a sequential, 2-firm, vertical differentiation framework,...
Persistent link: https://www.econbiz.de/10009488919
A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...
Persistent link: https://www.econbiz.de/10003749485