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This paper studies optimal taxation of entrepreneurial capital with private information and multiple assets …. Entrepreneurial activity is subject to a dynamic moral hazard problem and entrepreneurs face idiosyncratic capital risk. We first … optimal tax system implements such an allocation as a competitive equilibrium for a given market structure. We consider …
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This paper studies optimal taxation of entrepreneurial capital with private information and multiple assets …. Entrepreneurial activity is subject to a dynamic moral hazard problem and entrepreneurs face idiosyncratic capital risk. We first … optimal tax system implements such an allocation as a competitive equilibrium for a given market structure. We consider …
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