In this paper, I develop a model of oligopoly with shareholder voting. Instead of assuming that firms maximize profits … monopolist. In a model of general equilibrium oligopoly with shareholder voting, higher levels of wealth inequality and …

business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial … business equity at the intensive margin, but decrease entrepreneurial investment at the extensive margin. To test these … due to tax avoidance or evasion, but increase investment in private businesses that are also worthwhile in the absence of …