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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 / Mendola, Mariapia / Requate, Till / Schirle, Tammy / de Vries, Frans / Zulehner, Christine

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Volume 4, Issue 1 (Oct 2004)


Volume 6 (2006)

Volume 4 (2004)

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Volume 1 (2001)

Public Venture Capital, Occupational Choice, and Entrepreneurship

Oana Secrieru
  • 1Bank of Canada,
/ Marianne Vigneault
  • 2Bishop’s University,
Published Online: 2004-10-26 | DOI: https://doi.org/10.2202/1538-0653.1346


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.

About the article

Published Online: 2004-10-26

Citation Information: Topics in Economic Analysis & Policy, ISSN (Online) 1538-0653, DOI: https://doi.org/10.2202/1538-0653.1346. Export Citation

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