Revisiting the Canadian public policy towards venture capital: Crowding-out or displacement

Evaluating and revisiting the public government: a policy feedback perspective

Existing models of quality evaluation in public sector are mainly derived from the approaches within private sector. These models which represented by the New Public Management (NPM) paradigm, don&rsquot reflect the fundamental values of public administration, which are the very essence of the discipline and contrasting it from private sector. These core values, such as democratic citizenship, ...

Crowding out Public Service Motivation∗

Employing workers with Public Service Motivation (PSM) has been proposed as a means of improving performance in the public sector. There is, however, no conclusive evidence showing PSM among individuals. In this paper we attempt to firstly find evidence of PSM by investigating why people change jobs from the private to the public sector. Secondly we attempt to identify factors that crowd out PS...

No . 2006 / 29 Public Policy and Venture Capital Financed Innovation : A Contract Design Approach

The effects of public policy programs which aim at internalizing spill-overs due to successful innovation are analyzed in a sequential double-sided moral hazard doublesided adverse selection framework. The central focus lies in analyzing their impact on contract design. We show that in our framework only ex post grants are a robust instrument for implementing the first-best situation, whereas t...

A study of New Zealand’s venture capital market and implications for public policy

Crowding Out or Crowding In? UI and Private Insurance

This paper explores the welfare consequences of unemployment insurance when private insurance markets are subject to enforcement frictions that limit debt accumulation, endogenously determining individual borrowing limits as a function of the length of unemployment. Reducing the replacement rate in the model initially increases borrowing, as the value of default declines significantly. As the r...