Article ID Journal Published Year Pages File Type
9549321 Economics Letters 2005 7 Pages PDF
Abstract
Public assistance programs for entrepreneurial investment often consist of closed ended subsidies. This paper shows that this instrument may be superior to open ended subsidies if capital markets are characterized by problems of asymmetric information.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Why do governments use closed ended subsidies to support entrepreneurial investment?
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