1. Discussion and Working Paper // 2002

    Does old capital matter for implementing a Pareto-improving tax reform?

    Is it possible to replace the income tax by a consumption tax or a wage tax such that (i) a dynamic (intergenerational) Pareto-improvement is obtained and (ii) only the information available from enforcing the…

  2. Refereed Journal // 2002

    An Applied Econometrician's View of Empirical Corporate Governance Studies

    The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, board…