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We consider the provision of venture capital in a dynamic agency model. In particular, we focus on the interaction between venture capital financing and product market competition: A young firm with a risky innovation project attempts to enter a market where it faces two periods of price...
Persistent link: https://www.econbiz.de/10010305064
How do financial constraints influence innovative activities of firms? In a two-period model of price competition with differentiated products we first analyze the incentives to innovate when both firms are self-financed. We then assume that one of the firms is financially constrained and...
Persistent link: https://www.econbiz.de/10010435592
How do financial constraints influence innovative activities of firms? In a two-period model of price competition with differentiated products we first analyze the incentives to innovate when both firms are self-financed. We then assume that one of the firms is financially constrained and...
Persistent link: https://www.econbiz.de/10011097570
How do financial constraints influence innovative activities of firms? In a two-period model of price competition with differentiated products we first analyze the incentives to innovate when both firms are self-financed. We then assume that one of the firms is financially constrained and...
Persistent link: https://www.econbiz.de/10010405872
This Article considers the advantages and disadvantages of market-based program design, natural gas regulation, and enhanced international understanding. Transitioning to a green economy involves dedicating efforts towards environmentally sound energy innovation. RGGI, natural gas, and climate...
Persistent link: https://www.econbiz.de/10014043092
The "tragedy of the commons" metaphor helps explain why people overuse shared resources. However, the recent proliferation of intellectual property rights in biomedical research suggests a different tragedy, an "anticommons" in which people underuse scarce resources because too many owners can...
Persistent link: https://www.econbiz.de/10014215948
This article frames environmentally sound innovation in the context of transnational network theory with the goal of setting forth a preliminary framework for international legal policy coherence. I consider how network dynamics can facilitate broad diffusion of environmentally sound...
Persistent link: https://www.econbiz.de/10014164565
Although often acknowledged as critically important, the role of the entrepreneur in the modern economy is often underdeveloped or inadequately understood. The reason for this is in large part due to the complex anthropological mysteries that lie at the heart of entrepreneurship. The Christian...
Persistent link: https://www.econbiz.de/10012996652
There is not a day goes by without a passionate debate concerning Big Tech companies; while the main concern of governments seems to be related to social justice, a growing worry is associated with the consequences that large firms have on consumer welfare; nowadays these big entities engage in...
Persistent link: https://www.econbiz.de/10012915369
Startups are a key driver of innovation but are frequently the target of acquisition by incumbent firms. How does this affect the types of products that are developed? We study a model in which an entrant decides whether to develop either a product that is a partial substitute for an...
Persistent link: https://www.econbiz.de/10013239110