Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well … production makes a joint decision on the supply of effort and capital. The returns from success-ful entrepreneurial ventures thus …

rigidities as well as production lags in the use of intermediate goods. In this context, changes in production demand …

production costs in an imperfectly competitive product market. …

production costs in an imperfectly competitive product market. This is done without invoking any agency problem or other form of …

production of high-tech goods by production or R&D-subsidies in the short and long run. The difficulties for the policy-makers in … designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade …-off between resources used in R&D and production of high-tech goods, the relative impact of different R&D activities on …