Showing 1 - 10 of 321
We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically, our analysis focuses on the contractual interaction between a representative risk averse entrepreneur who owns a firm and a risk neutral monopolistic investment bank that...
Persistent link: https://www.econbiz.de/10014196319
We study a regional economy with a large number of entrepreneurs who own firms and who want to go public. Specifically, our analysis focuses on the contractual interaction between a representative risk averse entrepreneur who owns a firm and a risk neutral monopolistic investment bank that...
Persistent link: https://www.econbiz.de/10013141160
Persistent link: https://www.econbiz.de/10009673887
We discuss a prospective, theoretical research agenda about the connections between entrepreneurship, innovation, and … multi-regional economic growth and welfare. This agenda advocates the use of endogenous economic growth theory and advances … in new economic geography to analyze models that will shed light on the effects of innovative entrepreneurship on …
Persistent link: https://www.econbiz.de/10014136238
We discuss a prospective, theoretical research agenda about the connections between entrepreneurship, innovation, and … multi-regional economic growth and welfare. This agenda advocates the use of endogenous economic growth theory and advances … in new economic geography to analyze models that will shed light on the effects of innovative entrepreneurship on …
Persistent link: https://www.econbiz.de/10013059758
We use a two period model to analyze the contractual relationship between entrepreneurs and venture capitalists in an open regional economy. First, we describe the first best investment contract, we study the second best investment contract in the presence of private information, and then we...
Persistent link: https://www.econbiz.de/10013119355
We analyze the activities of an entrepreneur who must, at each date, decide whether to search for a new production technique or to produce output with an extant technique. Our analysis leads to four results. First, we show that if our entrepreneur rejects a particular production technique at a...
Persistent link: https://www.econbiz.de/10013152988
We use a two period model to analyze the contractual relationship between entrepreneurs and venture capitalists in an open regional economy. First, we describe the first best investment contract, we study the second best investment contract in the presence of private information, and then we...
Persistent link: https://www.econbiz.de/10013141103
We analyze the activities of an entrepreneur who must, at each date, decide whether to search for a new production technique or to produce output with an extant technique. Our analysis leads to four results. First, we show that if our entrepreneur rejects a particular production technique at a...
Persistent link: https://www.econbiz.de/10013141161
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...
Persistent link: https://www.econbiz.de/10011491971