The purpose of this paper is to identify a Swedish tax/benefit design that maximizes social welfare. A two stage process is proposed where individuals’ preferred choice of leisure and consumption is solved in the first stage, and the second stage identifies the tax/benefit system that...

This paper investigates two questions regarding closely held corporations. First, possible differences between closely and widely held corporations are explored. Second, a model is developed to investigate what factors and to what extent these factors influence a person to become an active owner...