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Advance-purchase financing of projects with few buyers
Sahm, Marco - 2016 - This version: October 13, 2016
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. An entrepreneur has to meet some capital requirement in order to start production and sell the related good to a limited number of potential buyers who are privately informed about their...
Persistent link: https://www.econbiz.de/10011595436
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Advance-purchase financing of projects with few buyers
Sahm, Marco - 2015 - This version: October 8, 2015
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. The analysis can easily be reinterpreted as a model of the monopolistic provision of excludable public goods under private information. An entrepreneur has to meet some capital requirement in order...
Persistent link: https://www.econbiz.de/10011350183
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Venture Capital : A Catalyst for Innovation and Growth
Greenwood, Jeremy; Han, Pengfei; Sánchez, Juan M. - 2022
This article studies the development of the venture capital (VC) industry in the United States and assesses how VC financing affects firm innovation and growth. The results highlight the essential role of VC financing for U.S. innovation and growth and suggest that VC development in other...
Persistent link: https://www.econbiz.de/10013293235
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An Elementary Model of VC Financing and Growth
Greenwood, Jeremy; Han, Pengfei; Inokuma, Hiroshi; … - 2022
This article uses an endogenous growth model to study how the improvements in financing for innovative start-ups brought by venture capital (VC) affect firm innovation and growth. Partial equilibrium results show how lending contracts change as financing efficiency improves, while general...
Persistent link: https://www.econbiz.de/10014239582
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An Elementary Model of VC Financing and Growth
Greenwood, Jeremy; Han, Pengfei; Inokuma, Hiroshi; … - 2023
This article uses an endogenous growth model to study how the improvements in financing for innovative start-ups brought by venture capital (VC) affect firm innovation and growth. Partial equilibrium results show how lending contracts change as financing efficiency improves, while general...
Persistent link: https://www.econbiz.de/10014258415
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Patents as Signals of Quality in Crowdfunding
Cotropia, Christopher Anthony - 2021
Patents and crowdfunding both attempt to foster early stage innova-tions. In theory, patents signal quality and value … to attract investment and buyers and ultimately facilitate commercialization. Crowdfunding allows multiple individuals to … interac-tion between these two innovation tools by determining the impact of a crowdfunding campaign’s patent status on the …
Persistent link: https://www.econbiz.de/10013249858
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Information and Communication Technologies (ICT) in Economic Modeling
Cecconi, Federico (ed.); Campennì, Marco (ed.) - 2019 - 1st ed. 2019
: The many faces of crowdfunding: a brief classification of the systems and a snapshot of Kickstarter -- PartII …-based crowdfunding systems: an agent-based model of Kickstarter -- Chapter7: Fintech: The recovery activity for non-performing loans …
Persistent link: https://www.econbiz.de/10012398706
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Information and communication technologies (ICT) in economic modeling
Cecconi, Federico (ed.); Campennì, Marco (ed.) - 2019
: The many faces of crowdfunding: a brief classification of the systems and a snapshot of Kickstarter -- PartII …-based crowdfunding systems: an agent-based model of Kickstarter -- Chapter7: Fintech: The recovery activity for non-performing loans …
Persistent link: https://www.econbiz.de/10012034965
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Delays in public goods
Chatterjee, Santanu; Posch, Olaf; Wesselbaum, Dennis - 2017
In this paper, we analyze the consequences of delays and cost overruns typically associated with the provision of public infrastructure in the context of a growing economy. Our results indicate that uncertainty about the arrival of public capital can more than offset its positive spillovers for...
Persistent link: https://www.econbiz.de/10011602807
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Economic rationales for investments in science
Gersbach, Hans; Schetter, Ulrich; Schneider, Maik T. - 2018 - This version: October 2018
What is the economic rationale for investing in science? Based on an open economy model of creative destruction, we characterize four key factors of optimal investment in basic research: the stage of economic development, the strength of the manufacturing base, the degree of openness, and the...
Persistent link: https://www.econbiz.de/10011920841