-selection based financing constraints. Government programmes allocating direct subsidies are based on ex-ante screening of the subsidy … conditions, public R&D subsidies can reduce the financing constraints of technology-based entrepreneurial firms. Firstly, the … subsidy itself reduces the capital costs related to innovation projects by reducing the amount of market-based capital …

This paper studies how subsidies for photovoltaic solar systems can lead to second-degree moral hazard - the impulse of … installers to increase factors determining the total subsidies and/or transaction when consumers receive larger subsidy levels … electricity output leading to increased subsidies when third-parties own the PV system and ii) increased transaction prices when …

to investigate possible crowdingout effects on the input side of the innovation process. Different specifications of R …

heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and … received, EU grants have higher effects. In terms of output, holding innovation expenditures constant, funding from both …

context. There is a tradeoff between the efficiency gains due to the signaling effect and the loss of productivity associated …