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...

Die biotechnologische Industrie zählt zu den Zukunftsbranchen mit hohen Wachstumspotentialen. Entsprechend hoch ist auch das Interesse politischer Akteure, die nationalen und regionalen Standortbedingungen für diese Zukunftsindustrien zu optimieren. In einer Situation, als Deutschland...

In this paper we analyze the success of startups in Germany by looking at the social network structure of their founders on the German-language business-networking site XING. We address two related research questions. First we examine university-wide networks, constructing alumni networks of 12...