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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP2613 |
DP2613 How Should ?Protection? be Evaluated in Art. III GATT Disputes? | |
Damien J. Neven | |
发表日期 | 2000-11-28 |
出版年 | 2000 |
语种 | 英语 |
摘要 | The Paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high-risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur?s profit share and base salary to assure their incentives for full effort. In addition to providing equity finance, venture capitalists assist with valuable business advice to enhance survival rates. Within a general equilibrium framework with a traditional and an entrepreneurial sector, the Paper investigates the effects of taxes on the equilibrium level of entrepreneurship and managerial advice. It considers differential wage and capital income taxes, a comprehensive income tax, incomplete loss offset, and progressive taxation, as well as investment and output subsidies to the entrepreneurial sector. |
主题 | Financial Economics ; Industrial Organization ; Public Economics |
关键词 | entrepreneurship Venture capital Moral hazard Taxes Subsidies |
URL | https://cepr.org/publications/dp2613 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531679 |
推荐引用方式 GB/T 7714 | Damien J. Neven. DP2613 How Should ?Protection? be Evaluated in Art. III GATT Disputes?. 2000. |
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