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 …

We revisit the classical result that financing a pure public good through taxation of private consumption is …

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 …

two tax systems came about. Taxation is only feasible when men and land can be linked as a single bundle. Taxation of land … is not feasible without men, and taxation of men is not feasible without land. A tax maximizing bureaucrat has to combine …

proportional taxation increases the cost of self-control, and that this adverse effect is more acute when public pensions become …

11 manufacturing sectors in a single framework encompassing capital, labour and energy taxes. Our cross … consumption and/or capital investors. These results are robust to alternative hypotheses regarding the tax incidence parameters …