Theoretical perspectives on public policy for venture capital


Every work that sets out to evaluate the design and impact of government policy in the economic realm has to answer one fundamental question first, namely whether a case can be made for government intervention at all. The aim of this chapter is therefore to explain what exactly can justify government intervention in the venture capital market.1


Venture Capital Market Failure Endogenous Growth Model Venture Capital Investment Established Firm 


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© Deutscher Universitäts-Verlag/GWV Fachverlage GmbH, Wiesbaden 2006

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