Why Do Companies Go Public? An Empirical Analysis
flJJ CLcq nJCJflq © U0ICC 1ACU 10 qiC 2OflICC o C) 110110 ccccq wo bVisbpe umA pc dnolcq qJonI cxbJIcII
flJJ CLcq nJCJflq © U0ICC 1ACU 10 qiC 2OflICC o C) 110110 ccccq wo bVisbpe umA pc dnolcq qJonI cxbJIcII
We develop a model of repeated product improvements in a continuum of sectors. Each product follows a stochastic progression up a quality ladder. Progress is not uniform across ...