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Redistribution and Education Subsidies are Siamese Twins

Bovenberg, A. Lans; Jacobs, Bas - Tinbergen Institute - 2005

We develop models of optimal linear and non-linear income taxation with endogenous human capital formation to explore optimal education subsidies. Optimal subsidies on education ensure efficiency in human capital accumulation and thus play an important role in alleviating the tax distortions on...

Persistent link: https://www.econbiz.de/10005136992

Capital Market Failure, Adverse Selection and Equity Financing of Higher Education

Jacobs, Bas; Wijnbergen, Sweder J.G. van - Tinbergen Institute - 2005

We apply theories of capital market failure to ana1yze

Persistent link: https://www.econbiz.de/10005209498

Human Capital and Optimal Positive Taxation of Capital Income

Jacobs, Bas; Bovenberg, A. Lans - Tinbergen Institute - 2005

This paper analyzes optimal linear taxes on capital and labor incomes in a life-cycle

Persistent link: https://www.econbiz.de/10005137319

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Institute - 2011

This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …

Persistent link: https://www.econbiz.de/10009399735

Subsidizing Enjoyable Education

Dur, Robert; Glazer, Amihai - Tinbergen Institute - 2005

The article is forthcoming in <A href="http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6VFD-4PNM471-3&_user=499884&_coverDate=09%2F15%2F2007&_alid=770199288&_rdoc=1&_fmt=high&_orig=search&_cdi=6008&_sort=d&_docanchor=&view=c&_ct=1&_acct=C000024499&_version=1&_urlVersion=0&_userid=499884&md5=8492c97b78d795d5deec06a94b66422d">Labour Economics</A>.<p><P>

Persistent link: https://www.econbiz.de/10005144579

Efficient Progressive Taxes and Education Subsidies

Ewijk, Casper van; Tang, Paul - Tinbergen Institute - 2001

Progressive income taxes moderate wage demands by trade unions and thereby reduce unemployment, but also they reduce incentives to acquire skills and lower productivity of workers. The optimal response of the government to this dilemma is to choose a system of progressive taxes and to (partly)...

Persistent link: https://www.econbiz.de/10005504948

Returns to Tenure or Seniority?

Buhai, Sebastian; Portela, Miguel; Teulings, Coen; … - Tinbergen Institute - 2008

consider the effects of Employment Protection Legislation and risk aversion. …

Persistent link: https://www.econbiz.de/10005137057

A Real Options Perspective on R&D Portfolio Diversification

Bekkum, Sjoerd van; Pennings, Enrico; Smit, Han - Tinbergen Institute - 2007

portfolio risk, and changes diversification arguments when a portfolio is constructed. When R&D projects exhibit option …. Real option theory argues that research projects with conditional phases have option-like risk and return properties, and … are different from unconditional projects. We show that although the risk of a portfolio always depends on the correlation …

Persistent link: https://www.econbiz.de/10005016277

Acquisitions as a Real Options Bidding Game

Smit, Han T.J.; Berg, Ward A. van den; Maeseneire, Wouter De - Tinbergen Institute - 2004

This paper uses a unified treatment of real options and game theory to examine value appropriation in takeovers within a competitive environment of imperfect information. The integrated model considers a potential target as a shared real option on a bundle of resources. Competing potential...

Persistent link: https://www.econbiz.de/10005144572

Consolidation Waves

Berg, Ward A. van den; Smit, Han T.J. - Tinbergen Institute - 2007

This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is likely to play in the consolidation game. We propose that whether a firm assumes the role of rival consolidator, target, or passive observer depends on the position of the firm...

Persistent link: https://www.econbiz.de/10005137156