Browsing MWP Working Papers by Subject "D82"

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Browsing MWP Working Papers by Subject "D82"

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    Title: Financial Markets as a Commitment Device for the Government  Author(s): SIMON, Jenny Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: How does the presence of financial markets shape the government's ability to implement social redistribution? Individuals do not typically constrain consumption to equal their net-of-tax income every period. Instead, access ...
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    Title: Optimal Debt Bias in Corporate Income Taxation  Author(s): SIMON, Jenny Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: I present a rationale for a government to discriminate between debt and equity financing when taxing corporate income. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing ...
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    Title: Credibilty Concerns in Optimal Policy Design  Author(s): LU, Yang K. Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: This paper provides a transparent framework for thinking about optimal investment in reputation by a trustworthy government. This topic has been neglected by the existing literature on reputation games but is potentially ...
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    Title: Inventors and Impostors: an Economic Analysis of Patent Examination  Author(s): SCHUETT, Florian Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: The objective of patent examination is to separate the wheat from the chaff. Good applications – those satisfying the patentability criteria, particularly novelty and non-obviousness – should be accepted, while bad ...
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    Title: Inventors and Impostors: An Economic Analysis of Patent Examination  Author(s): SCHUETT, Florian Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The objective of patent examination is to separate the wheat from the chaff. Good applications - those satisfying the patentability criteria, particularly novelty and nonobviousness - should be accepted, while bad applications ...