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Keywords: Adverse selection
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Journal Articles
Journal:
Kybernetes
Kybernetes (2024) 53 (12): 5699–5720.
Published: 07 September 2023
... Adverse selection Inspired by the above illustrative applications, we consider a venture capital equity contracting model consisting of an entrepreneur (EN) and a venture capitalist (VC) for a two-period innovative project where both parties hold asymmetric beliefs regarding EN's risk aversion...
