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such as infrastructure, switching costs (including risks), balancing frontier innovation and adaptation, and the relative …Fifty years ago, Punjab embarked on its famous Green Revolution, leading the rest of India in that innovation, and … new round of agricultural innovation in Punjab. These are: complexity of the agricultural economy, complementary inputs …
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This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … millennia, although at times it has been pivotal in bringing innovation, taking risks and driving efficiency. It is argued that … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …
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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...
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The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
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