Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26051 
Year of Publication: 
2007
Series/Report no.: 
CESifo Working Paper No. 2006
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.
JEL: 
D92
G33
Document Type: 
Working Paper
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