The Two-Stage Model of Entrepreneurs Financing Based on the Entry/Exit Decision

Table 5

Second stage utility of AN when AN participates.

	0.0200	0.0400	0.0600	0.0800	0.1000
AN’s profit	2.2154	2.2166	2.2179	2.2191	2.2204
	0.1200	0.1400	0.1600	0.1800	0.2000
AN’s profit	2.2216	2.2229	2.2242	2.2254	2.2267
	0.2200	0.2400	0.2600	0.2800	0.3000
AN’s profit	2.2279	2.2292	2.2304	2.2316	2.2329
	0.3200	0.3400	0.3600	0.3800	0.4000
AN’s profit	2.2341	2.2354	2.2366	2.2378	2.2391
	0.4200	0.4400	0.4600	0.4800	0.5000
AN’s profit	2.2403	2.2415	2.2428	2.2440	2.2452
	0.5200	0.5400	0.5600	0.5800	0.6000
AN’s profit	2.2464	2.2477	2.2489	2.2501	2.2513
	0.6200	0.6400	0.6600	0.6800	0.7000
AN’s profit	2.2525	2.2538	2.2550	2.2562	2.2574
	0.7200	0.7400	0.7600	0.7800	0.8000
AN’s profit	2.2586	2.2598	2.2610	2.2622	2.2634
	0.8200	0.8400	0.8600	0.8800	0.9000
AN’s profit	2.2646	2.2658	2.2670	2.2682	2.2694