Brander, James; Bettignies, Jean-Etienne De - In: Economics of Innovation and New Technology 18 (2009) 1, pp. 1-19
This paper suggests that endogenous dynamics of the 'predator-prey' type can provide a contributing explanation for both high-venture capital concentration by industry and 'boom and bust' industry-level investment dynamics. We propose a model based on the idea that venture capitalists favor...