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Public policy for venture capital
Keuschnigg, Christian; Nielsen, Søren Bo - 2001
investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …
Persistent link: https://www.econbiz.de/10011398877
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Public policy for venture capital
Keuschnigg, Christian; Nielsen, Søren Bo - 2001
investment, and output subsidies at the production stage. While these measures stimulate entrepreneurshiip, only cost …
Persistent link: https://www.econbiz.de/10011536274
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Tax policy, venture capital, and entrepreneurship
Keuschnigg, Christian; Nielsen, Søren Bo - 2000
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector. …
Persistent link: https://www.econbiz.de/10011536625
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Securitization and aggregate investment efficiency
Mirza, Afrasiab; Stephens, Eric - 2016
, which enables increased leverage and investment. In the absence of frictions in the securitization process, we show that the … be constrained inefficient due to the existence of a pecuniary externality that can result in over or under-investment …. We examine policies to correct over-investment and find that a leverage ratio restriction generates a Pareto improvement …
Persistent link: https://www.econbiz.de/10012010374
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The impact of public subsidies on venture capital investments in start-up enterprises
Schertler, Andrea - 2000
start-up enterprises if future losses of the start-up investment are partly covered by the government. …
Persistent link: https://www.econbiz.de/10011473820
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Venture capital backed growth
Keuschnigg, Christian - 2002
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists not only finance but also advise start-up entrepreneurs and thereby add value to new firms. The paper demonstrates how a productive and active VC industry boosts innovation...
Persistent link: https://www.econbiz.de/10011409024
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Start-ups, venture capitalists, and the capital gains tax
Keuschnigg, Christian; Nielsen, Søren Bo - 2002
A model of start-up finance with double moral hazard is proposed. Entrepreneurs have ideas but lack own resources as well as commercial experience. Venture capitalists provide start-up finance and managerial support. Both types of agents thus jointly contribute to the firm s success, but neither...
Persistent link: https://www.econbiz.de/10011410298
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A general equilibrium analysis of inflation and microfinance in developing countries
Müller, Daniel - 2013
This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce a moral hazard problem into a monetary search model with money and credit. We show how access to basic financial services affects households' decisions to borrow, to save and to...
Persistent link: https://www.econbiz.de/10009772193
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Public policy for start-up entrepreneurship with venture capital and bank finance
Keuschnigg, Christian; Nielsen, Søren Bo - 2003
This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially …
Persistent link: https://www.econbiz.de/10011514147
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Consumer bankruptcy, mortgage default and labour supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013167646