Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous … framework consists in the introduction of capital goods that firms producing consumption goods (C-firms) purchase from capital … goods producers (K-firms). The introduction of durability (in the form of capital which depreciates gradually) has important …

with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We … allow property rights to improve as the country transforms natural resources into capital. The ensuing power struggle about … result, the country substitutes away from resources to capital too rapidly and invests more than predicted by the Hartwick …

the original capital contributed through new issues. We conclude that any model, which explicitly or implicitly assumes …

following a new issue, as assumed by King-Fullerton, the cost of capital is higher than is the case when no dividends are paid. …

allowed a tax-free return of capital contributed through new issues. A substantial difference is found between the regimes in …

personal taxes on dividends and capital gains will not reduce the cost of capital. Some authors have shown that even for small … reduce the cost of capital for small firms. It also argues that a shareholder income tax on the equity premium with full loss …

Existing theories of a firm’s optimal capital structure seem to fail in explaining why many healthy and profitable … theory are in line with a number of empirical results, which seem to stay in contrast to existing theories on capital …

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital … multinationals, we find that thin capitalization rules affect multinational firm capital structure in a significant way. Specifically … capitalization rules, which thus far have been understudied, have a substantial effect on the capital structure within multinational …