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Public Venture Capital, Occupational Choice, and Entrepreneurship


  • Secrieru Oana

    () (Bank of Canada)

  • Vigneault Marianne

    () (Bishop’s University)


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.

Suggested Citation

  • Secrieru Oana & Vigneault Marianne, 2004. "Public Venture Capital, Occupational Choice, and Entrepreneurship," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-24, October.
  • Handle: RePEc:bpj:bejeap:v:topics.4:y:2004:i:1:n:25

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    References listed on IDEAS

    1. Tore Nilssen & Lars Sørgard, 1998. "Time Schedule and Program Profile: TV News in Norway and Denmark," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 7(2), pages 209-235, June.
    2. Simon P. Anderson & Stephen Coate, 2000. "Market Provision of Public Goods: The Case of Broadcasting," NBER Working Papers 7513, National Bureau of Economic Research, Inc.
    3. Nilssen,T. & Sorgard,L., 2001. "The TV industry : advertising and programming," Memorandum 18/2001, Oslo University, Department of Economics.
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    Cited by:

    1. Etienne B Yehoue, 2005. "International Risk Sharing and Currency Unions; The CFA Zones," IMF Working Papers 05/95, International Monetary Fund.
    2. Milo Bianchi & Magnus Henrekson, 2005. "Is Neoclassical Economics still Entrepreneurless?," Kyklos, Wiley Blackwell, vol. 58(3), pages 353-377, July.

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