Title of article :
Why do governments use closed ended subsidies to support entrepreneurial investment?
Author/Authors :
Clemens Fuest، نويسنده , , Philipp Tillessen، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
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 :
Credit markets , Asymmetric information , public policy
Journal title :
Economics Letters
Journal title :
Economics Letters
