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on Corporate Finance |
| By: | Crispeels Thomas; De Buyser Emiel; Gavigan James; Compano Ramon (European Commission - JRC) |
| Abstract: | - University Venture Capital (UVC) are set up to bridge the funding gap for university spin-offs, targeting deep tech sectors. They contribute to fortify the regional entrepreneurial ecosystem - UVCs pursue dual objectives: financial sustainability and societal impact aligned with university missions - UVC in Europe has been steady increasing over the past decade. - UVCs can be grouped into four main archetypes (Anchor, Sleeping Giant, Foundational and Catalyst), according to their governance models, maturity levels, and role within their local innovation ecosystems - EU policy can accelerate the promotion of UVC through capacity-building, co-investment schemes and alignment with broader R&I instruments (e.g., EIC Fund, Lab-to-Unicorn initiative) |
| Date: | 2026–03 |
| URL: | https://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc145719 |
| By: | Ryo Masuyama (Kushiro Public University of Economics and Kobe University) |
| Abstract: | This study evaluates personalized pricing in supply chain competition. We consider two supply chains, each comprising an upstream firm with Corporate Social Responsibility (CSR) and a downstream firm investing in quality. A downstream firm's quality investment has two effects: it raises its own consumers' utility and induces the rival downstream firm to lower its price, consequently benefiting the rival's consumers. As personalized pricing is exploitative, the former effect is entirely captured. First, we find that under personalized pricing, a downstream firm's investment benefits only the rival's consumers. In response, the upstream firm with CSR sets a higher input price to expand the rival's market share and increase consumer surplus, which weakens downstream investment incentives and moderates quality competition. Second, we find that personalized pricing may harm consumers while remaining profitable for downstream firms. |
| Keywords: | personalized pricingï¼› uniform pricingï¼› Corporate Social Responsibilityï¼› quality investmentï¼› supply chain management |
| JEL: | D43 L10 L13 |
| Date: | 2026–04 |
| URL: | https://d.repec.org/n?u=RePEc:koe:wpaper:2607 |