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financial history, Janeway narrates the dynamics of the innovation economy from the standpoint of a seasoned practitioner of … innovation and that state investment in national goals enable the innovation process. Now, the Digital Revolution, sponsored by … populist response in the West, especially in the United States, opens the door for China to seize leadership of the innovation …
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This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs …
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Venture capitalists not only finance but also advise and thereby add value to young innovative firms. The prospects of venture capital backed firms thus depend on joint efforts of entrepreneurs and informed venture capitalists, and are subject to double moral hazard. In financing a portfolio of...
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