Arbeitspapier
Public Policy and Venture Capital Backed Innovation
This paper discusses the role of public policy towards the venture capital industry. The model emphasizes four margins: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities, entrepreneurial effort and venture capital advice during the start-up period, and introduction of new goods by successful start-ups. The paper considers short- and long-run comparative static and welfare effects of policy reform with regard to capital gains taxation, innovation subsidies, public R&D spending and other policy initiatives.
- Sprache
-
Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 1066
- Klassifikation
-
Wirtschaft
- Thema
-
innovation
venture capital
double moral hazard
public policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Keuschnigg, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Keuschnigg, Christian
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2003