sources to define coverage limits for new and standard medical interventions, including technology assessment reports, the results of randomized trials, and professional guidelines, according to the findings of a research project funded by The Robert Wood Johnson Foundation’s Changes in Health Care Financing and Organization (HCFO) initiative. The vast majority of medical directors reported tha...

Vives, Antonio. Pension funds in infrastructure project finance : regulations and instrument design / Antonio Vives. " This is a reprint of a paper originally published in May 1999. " p. cm. (Sustainable Development Dept. Technical papers series ; IFM-110) Includes bibliographical references. The opinions expressed herein are the responsibility of the author and do not necessarily represent the...

I present a model of venture capital contracting in which contracts that involve a mixture of both debt and equity are efficient and dominate pure-equity and pure-debt financing. The optimal contract balances the venture capitalist’s incentive to intervene in the project and the entrepreneur’s desire for control. JEL classification: G24, G32

The pervasiveness of research agreements between pharmaceutical and biotechnology companies is puzzling, since it is hard to contract on the exact nature of the research activities. A major concern of financing companies is that the R&D firms use their funding to subsidize other projects or substitute one project for another. We develop a model based on the property-rights theory of the firm th...

Different from most of the existing studies, this paper analyzes the financing performance of crowdfunding projects in an asymmetric way. First of all, 14 antecedent conditions of the project performance are extracted through the review on the existing research. Secondly, a cross-tabulation analysis is carried out to explore the main and contrarian effects of the antecedent conditions based on ...