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productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …
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" early on, resulting in long-run differences in investment, profits, and firm growth. The value of active investors is …
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start-up enterprises if future losses of the start-up investment are partly covered by the government. …
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government support of innovation and the government's optimal choice between subsidies and innovation prizes. We also analyze the …
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paradoxically contribute to higher quality of venture capital finance and welfare. Subsidies to physical investment in VC …
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