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Optimal Public Policy for Venture Capital Backed Innovation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2003

This Paper discusses the role of public policy towards the venture capital industry. The model emphasises four margins: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities, simultaneous entrepreneurial effort and managerial advice...

Persistent link: https://www.econbiz.de/10005497714

The Endogenous Determination of Minimum Wage

Epstein, Gil S; Nitzan, Shmuel - C.E.P.R. Discussion Papers - 1999

In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...

Persistent link: https://www.econbiz.de/10005497998

The Political Economy of Clientelism

Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

Income redistribution often takes highly inefficient forms, such as employment in the bureaucracy. We argue that this arises as an optimal political strategy in situations where politicians cannot commit to policies. Political exchanges between politicians and voters must be self-enforcing and...

Persistent link: https://www.econbiz.de/10005504795

The Implications of British Macroeconomic Policy in the 1930s for Long Run Growth Performance

Broadberry, Stephen N; Crafts, Nicholas - C.E.P.R. Discussion Papers - 1990

The paper provides a synthesis of recent research relating to supply side policy in the 1930s in a period when government sought to raise prices given sticky wages. We argue that as a politically constrained strategy to limit rises in unemployment this made sense. A bargaining model approach...

Persistent link: https://www.econbiz.de/10005667002

Income Taxes and Women's Economic Dependency: A Comparison of West Germany and Sweden

Gustafsson, Siv - C.E.P.R. Discussion Papers - 1988

Swedish wives' market earnings contribute 39% of the net family earnings of couples living together. German wives contribute 12%. This paper employs Swedish and German micro data on earnings and personal characteristics of couples. After tax earnings are simulated, under both the tax system of...

Persistent link: https://www.econbiz.de/10005791943

Escaping Epidemics Through Migration? Quarantine Measures Under Asymmetric Information About Infection Risk.

Mesnard, Alice; Seabright, Paul - C.E.P.R. Discussion Papers - 2008

This paper explores implications of the fact that individuals know more than the authorities about their risk of infection and can take migration decisions before their health status is publicly observable. In a 2-period model we study under which conditions the presence of quarantine measures...

Persistent link: https://www.econbiz.de/10005661880

Entrepreneurship: Origins and Returns

Berglann, Helge; Moen, Espen R; Roed, Knut; Skogstrøm, … - C.E.P.R. Discussion Papers - 2009

We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …

Persistent link: https://www.econbiz.de/10005079007

Perceptions, Expectations, and Entrepreneurship: The Role of Extreme Events

Brück, Tilman; Llussá, Fernanda; Tavares, José - C.E.P.R. Discussion Papers - 2010

We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...

Persistent link: https://www.econbiz.de/10008692319

Which Immigrants Are Most Innovative and Entrepreneurial: Distinctions by Entry Visa

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2010

Using the 2003 National Survey of College Graduates, I examine how immigrants perform relative to natives in activities likely to increase U.S. productivity, according to the type of visa on which they first entered the United States. Immigrants who first entered on a student/trainee visa or a...

Persistent link: https://www.econbiz.de/10008468510

Progressive Taxes and Firm Births

Bacher, Hans Ulrich; Brülhart, Marius - C.E.P.R. Discussion Papers - 2010

Tax reform proposals in the spirit of the 'flat tax' model typically aim to reduce three parameters: the average tax burden, the progressivity of the tax schedule, and the complexity of the tax code. We explore the implications of changes in these three parameters on entrepreneurial activity,...

Persistent link: https://www.econbiz.de/10008468564