Variations with TRL bin of funding rates in real options models
| Initial TRL bin | Microfirms | SSB | |||||
|---|---|---|---|---|---|---|---|
| Phase I | Phase II | A | B | C | A | B | C |
| 1 | 1 | 0.0 | – | 1.0 | 0.0 | – | – |
| 1 | 2 | 0.5 | −0.1 | 0.5 | 0.3 | – | 0.7 |
| 1 | 3 | 1.0 | – | – | 1.0 | – | – |
| 1 | 4 | 1.0 | – | – | 1.0 | – | – |
| 2 | 1 | 0.0 | – | – | 0.0 | – | – |
| 2 | 2 | 0.0 | – | 1.0 | 0.0 | – | 1.0 |
| 2 | 3 | 0.9 | 0.1 | 0.1 | 1.0 | – | – |
| 2 | 4 | 1.0 | – | – | 1.0 | – | – |
| 3 | 1 | 0.0 | – | – | 0.0 | – | – |
| 3 | 2 | 0.0 | – | – | 0.0 | – | – |
| 3 | 3 | 0.0 | 0.3 | – | 0.5 | −0.5 | 0.5 |
| 3 | 4 | 1.0 | – | −1.0 | 1.0 | – | – |
| 4 | 1 | 0.0 | – | – | 0.0 | – | – |
| 4 | 2 | 0.0 | – | – | 0.0 | – | – |
| 4 | 3 | 0.0 | – | – | 0.0 | – | – |
| 4 | 4 | 0.0 | 1.0 | – | 0.0 | – | – |
| Initial | Microfirms | ||||||
|---|---|---|---|---|---|---|---|
| Phase I | Phase | A | B | C | A | B | C |
| 1 | 1 | 0.0 | – | 1.0 | 0.0 | – | – |
| 1 | 2 | 0.5 | −0.1 | 0.5 | 0.3 | – | 0.7 |
| 1 | 3 | 1.0 | – | – | 1.0 | – | – |
| 1 | 4 | 1.0 | – | – | 1.0 | – | – |
| 2 | 1 | 0.0 | – | – | 0.0 | – | – |
| 2 | 2 | 0.0 | – | 1.0 | 0.0 | – | 1.0 |
| 2 | 3 | 0.9 | 0.1 | 0.1 | 1.0 | – | – |
| 2 | 4 | 1.0 | – | – | 1.0 | – | – |
| 3 | 1 | 0.0 | – | – | 0.0 | – | – |
| 3 | 2 | 0.0 | – | – | 0.0 | – | – |
| 3 | 3 | 0.0 | 0.3 | – | 0.5 | −0.5 | 0.5 |
| 3 | 4 | 1.0 | – | −1.0 | 1.0 | – | – |
| 4 | 1 | 0.0 | – | – | 0.0 | – | – |
| 4 | 2 | 0.0 | – | – | 0.0 | – | – |
| 4 | 3 | 0.0 | – | – | 0.0 | – | – |
| 4 | 4 | 0.0 | 1.0 | – | 0.0 | – | – |
Fractions are estimated separately for microfirms and standard small businesses (SSBs) for the three cases defined in Table 4.3. TRL represents consolidated bins, not actual TRL. Columns labeled Cases B and C report absolute differences from the Case A. For instance, projects starting at TRL bin 1 in Phase I and TRL bin 2 in Phase II, Case B funds 10% fewer microfirm projects than Case A, and Case C funds 50% more microfirm projects than Case A - namely, all the projects
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.