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Decentralization and the fate of minorities

Bjorvatn, Kjetil; Cappelen, Alexander W. - 2003

This paper analyses the welfare effects of a change from centralized to decentralized political authority. The potential disadvantage with decentralization in our model is that local dominant groups with rather "extremeʺ preferences may win the vote and implement policies that harm the...

Persistent link: https://www.econbiz.de/10001787854

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10001807127

Public economics and startup entrepreneurs

Boadway, Robin W.; Tremblay, Jean-Francois - 2003

This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...

Persistent link: https://www.econbiz.de/10001750158

Public policy for start-up entrepreneurship with venture capital and bank finance

Keuschnigg, Christian; Nielsen, Søren Bo - 2003

Persistent link: https://www.econbiz.de/10001732740

Tax policy and entrepreneurship in the presence of asymmetric information in capital markets

Fuest, Clemens; Huber, Bernd; Tillessen, Philipp - 2003

This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax policy. In many countries, governments subsidize the creation of new firms. One possible justification for these subsidies is that capital markets for the financing of new firms...

Persistent link: https://www.econbiz.de/10001739608

Entrepreneurship in a unionised economy

Kanniainen, Vesa; Leppämäki, Mikko - 2000

labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

Persistent link: https://www.econbiz.de/10001563905

Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978 - 93

Ilmakunnas, Pekka; Kanniainen, Vesa - 2000

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurship and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

Persistent link: https://www.econbiz.de/10001557181

Enterprise formation and labor market institutions

Kanniainen, Vesa; Vesala, Timo - 2000

The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...

Persistent link: https://www.econbiz.de/10001557273

Creating firms for a new century : determinants of firm creation around 1900

Baten, Jörg - 2003

A rapidly growing literature in industrial economics and regional economics uses data sets of individual firms or regional firm creation rates to answer the central question: What makes entrepreneurs? Which factors encourage some people to set up their own business and create jobs, and what...

Persistent link: https://www.econbiz.de/10001824306

Public policy for venture capital

Keuschnigg, Christian; Nielsen, Søren Bo - 2001

investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …

Persistent link: https://www.econbiz.de/10001601270