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We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
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We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs’ types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10013316207
Persistent link: https://www.econbiz.de/10003283840
Persistent link: https://www.econbiz.de/10001411905
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stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
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