Petter Bjerksund, Guttorm Schjelderup
Abstract
A two factor general equilibrium model with perfect international capital mobility, endogenous supply of capital and labour, and heterogeneous individuals, is used to analyze the relation between taxes and capital income and labour income, and the efficiency of free capital mobility.
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A two factor general equilibrium model with perfect international capital mobility, endogenous supply of capital and labour, and heterogeneous individuals, is used to analyze the relation between taxes and capital income and labour income, and the efficiency of free capital mobility.
Key concepts: Economics, Capital (architecture), Cost of capital, Equity (law), Physical capital, Fixed capital, Labour economics, Financial capital