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Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and generosity of welfare states. This paper takes a...
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start-up enterprises if future losses of the start-up investment are partly covered by the government. …
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We demonstrate how endogenous information acquisition in venture capital markets creates investment cycles when … uncoordinated screening behavior of competing financiers is an independent source of fluctuations inducing venture investment cycles …
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This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially …
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