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According to conventional wisdom internationally mobile capital should not be taxed or should be taxed at a lower rate than labour. An important underlying assumption behind this view is that there are no market imperfections, in particular that labour markets clear competitively. At least for...
Persistent link: https://www.econbiz.de/10009781554
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We analyze the impact of entrepreneurship as an outside option on compensation contracts between a principal and an agent with bargaining power. In the first stage the parties bargain over the base wage and the profit share. In the second stage the principal determines the capital investment and...
Persistent link: https://www.econbiz.de/10001512862
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We analyze the impact of entrepreneurship as an outside option on compensation contracts between a principal and an agent with bargaining power. In the first stage the parties bargain over the base wage and the profit share. In the second stage the principal determines the capital investment and...
Persistent link: https://www.econbiz.de/10013321108
Persistent link: https://www.econbiz.de/10001690170
Persistent link: https://www.econbiz.de/10001569727
According to conventional wisdom internationally mobile capital should not be taxed or should be taxed at a lower rate than labour. An important underlying assumption behind this view is that there are no market imperfections, in particular that labour markets clear competitively. At least for...
Persistent link: https://www.econbiz.de/10001477212
Persistent link: https://www.econbiz.de/10000996334