Why are no trillion dollar companies being created in Europe?

07 Dec 2024 Leave a comment

by Jim Rose in applied price theory, economics of regulation, entrepreneurship, industrial organisation, labour economics, law and economics, property rights

That is the theme of a new Substack by Pieter Garicano, here is one excerpt: These answers, according to a recent paper by Olivier Coste and Yann Coatanlem, two French investors, miss the point: the reason more capital doesn’t flow towards high-leverage ideas in Europe is because the price of failure is too high. Coste estimates that, […]

Why are no trillion dollar companies being created in Europe?

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