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Dicovery in The New Economy. Why Entrepreneurs May not Contract with Investors

Author

Listed:
  • Helmut Dietl
  • Egon Franck
  • Stefan Winter

    (Institute for Strategy and Business Economics, University of Zurich
    Institute for Strategy and Business Economics, University of Zurich
    Bayerische Julius-Maximilians-Universität Wurzburg)

Abstract

Why is discovery in the Old Economy mostly financed by investors whereas entrepreneurs in the New Economy usually remain self-employed? The paper tries to answer this question based on a semi-formal analysis.

Suggested Citation

  • Helmut Dietl & Egon Franck & Stefan Winter, 2003. "Dicovery in The New Economy. Why Entrepreneurs May not Contract with Investors," Working Papers 0017, University of Zurich, Institute for Strategy and Business Economics (ISU).
    • Handle: RePEc:iso:wpaper:0017
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