This paper studies optimal Ramsey taxation when risk sharing in private insurance markets is imperfect due to limited enforcement. In a limited commitment economy, there are externalities associated with capital and labor because individuals do not take into account that their labor and saving decisions affect aggregate labor and capital supply and wages, and thus the value of autarky. Therefor...

Since 2009, open government policies, open data, and social media use in government have been actively promoted by democratic governments around the world to promote the goals of government transparency, citizen engagement, and collaboration. To date, however, there is a lack of empirical research into open government practice. This knowledge gap has managerial and public policy implications fo...

I examine how bank liquidity and capital affect banks’ behavior in asset sales using data on sales of bank owned real estate. I find that: (1) banks with lower liquidity levels post lower asking prices and receive lower sale prices; (2) banks with lower capital levels post higher asking prices, which then lead to longer time on the market. Further analyses show that the results are unlikely to ...

I quantitatively study the optimal capital income taxation in the general equilibrium overlapping generations model with uninsurable idiosyncratic income shocks and with housing and flnancial assets. Following key characteristics of housing are explicitly modeled: (i) housing is held for the dual purpose of consumption and savings, (ii) housing can be either owned or rented, (iii) if owned, hou...

Capital has an important role in banking operations, addition to indicating the fulfillment of capital regulations also serves anticipate future risks. Studies ROA-mediated buffers are still rare. This study aims investigate return on assets as mediation influence loans total (LOTA) and non performing (NPL) buffers. is conducted by using path analysis research commercial banks owned government ...

Access to equity capital is critical for the growth of businesses, especially for young companies, which lack the cash flows necessary to repay loans. To meet this need, a thriving venture capital industry has evolved, fostering job creation, economic growth, and innovation in the United States. Not all companies, however, have been equally able to access such investments. Firms owned by women ...