Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76101
Authors: 
Keuschnigg, Christian
Year of Publication: 
2002
Series/Report no.: 
CESifo Working Paper 664
Abstract: 
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 driven growth.
Subjects: 
venture capital
double moral hazard
innovation
growth
Document Type: 
Working Paper

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