Date of Award
Doctor of Philosophy (PhD)
The first chapter of this dissertation quantifies to what extent business accelerators can reduce the venture market frictions for early-stage startups. With a novel non-transferable utility two-sided matching framework, this study shows that business accelerators can close the gaps due to entrepreneurs' gender and experience, but not so much for the differences due to locations. The second chapter studies the relative importance of screening compared to training in the total value creation by business accelerators from the perspectives of market participants. The estimates suggest that the value created by screening, which reflects through the improvement of financing in short-term after graduation, represents less than 1/6 of the total value created by business accelerators. Further, such ratios are especially low for top programs like Y Combinator and TechStars. The third chapter investigates the effects of auditor office location on the client and auditor surplus. Using a two-sided matching market model, we find that, while both clients and auditors bear the costs of geographic distance, auditors disproportionately bear costs. Although distance exerts costs on clients, clients incur distance costs to gain auditor expertise.
Chair and Committee
Barton H. Hamilton
Stephen P. Ryan, Bernardo Silveira, Mariagiovanna Baccara, SangMok Lee,
Chen, Chuan, "Essays in Applied Microeconomics" (2019). Arts & Sciences Electronic Theses and Dissertations. 1788.
Permanent URL: https://doi.org/10.7936/dpkf-1c87