This paper proposes a simple partial equilibrium model to investigate the effects of government policy on venture capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture each. Venture capitalists acquire an equity stake and...

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider...

This paper proposes a simple partial equilibrium model to investigate the effects of government policy on venture capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture each. Venture capitalists acquire an equity stake and...

This text's purpose is to analyze the progress and setbacks in public policies during PT (Partido dos Trabalhadores) governments (2003-2015), especially macroeconomic, industrial, social and income-related policies, as well as their relation to the neo-developmentalist agenda. My overall...

Policy and legislative mechanisms that enforce transparency and accountability, and place limits on politicians' behaviour, are useful tools for addressing political corruption, which constitutes a problem of particular gravity in Latin America. A number of scandals have recently come to light,...

Offering a compelling critique of orthodox economic analysis in the public realm, Mike Berry exposes the lack of development in economic thinking in public policy since the economic crisis of 2008. Focusing on both the ethically unacceptable outcomes of recent public policy and the threat of...