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The B.E. Journal of Economic Analysis & Policy

Editor-in-Chief: Jürges, Hendrik / Ludwig, Sandra

Ed. by Auriol , Emmanuelle / Brunner, Johann / Fleck, Robert / Friebel, Guido / Mendola, Mariapia / Requate, Till / Tsui, Kevin / Wichardt, Philipp / Zulehner, Christine

4 Issues per year


IMPACT FACTOR 2013: 0.432
5-year IMPACT FACTOR: 0.710

SCImago Journal Rank (SJR): 0.956
Source Normalized Impact per Paper (SNIP): 0.734

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Public Venture Capital, Occupational Choice, and Entrepreneurship

Oana Secrieru1 / Marianne Vigneault2

1Bank of Canada,

2Bishop’s University,

Citation Information: Topics in Economic Analysis & Policy. Volume 4, Issue 1, ISSN (Online) 1538-0653, DOI: 10.2202/1538-0653.1346, October 2004

Publication History

Published Online:
2004-10-26

Abstract

New businesses face constraints in the form of limited access to capital and managerial expertise. Many governments have developed public venture capital programs for the purpose of easing these constraints and assisting young firms in generating growth in output and employment. The paper develops a model that incorporates occupational choice and informational asymmetries with regard to the ability of entrepreneurs and supply of effort, and determines the optimal supply of entrepreneurship, financial assistance, and managerial advice provided by a public venture capital program.

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