We consider the effects of income redistribution when people can migrate from one country to another, and when land within each country is heterogeneous. Taxes related to income can then affect property values, and can induce migration, which further affects property values. We show that under...

We present a novel theory of socially optimal initation in a model exhibiting strategic interaction between innovating and imitating firms. We demonstrate how the socially optimal innovation and imitation intensities can be implemented with subsidy policies, but not with patent policy, if the...

This paper shows that labor market institutions are important for the formation of new entreprises and market entry. The effects of different labor market institutions on wage determination, entrepreneurship and firm size are analysed both analytically and illustrated numerically. Models where...