Abstract This work examines the effects of different kinds subsidies on risk prevention from a theoretical standpoint. We show that both subsidy cost activities and wealth have ambiguous level present contemporaneous prevention. Similar however increasing advance and, under plausible assumptions, future levels also social security may decreasing while kind reverse has an them. indicates there i...

directed the Chair of Public Economics, for giving me the opportunity to pursue my research interests and for his encouragement and support throughout the project. Without his academic guidance, his soft, but determined pressure for results and his enthusiasm to prove that economic theory can make a difference to economic policymaking, this dissertation would never have been completed. Wehke – ...

How is firm creation affected by imperfect information? Our model of rational inattention generates inefficient entry and labor misallocation, because startups make error-prone decisions. Learning decisions prospective entrepreneurs alter the effects lump-sum transfers to startups: total employment gain amplified due an unintended increase in entry, most entrants hire fewer workers, misallocati...