 | UCSB Verified email at econ.ucsb.edu Cited by 96 |
M Kapicka - Review of Economic Dynamics, 2006 - Elsevier
This paper characterizes optimal income taxes in a dynamic economy where human capital
is unobservable and the government is restricted to use taxes that depend only on current
income. I show that unobservability of human capital tends to decrease the labor wedge, ...
M Kapicka - Unpublished manuscript, 2006 - hassler-j.iies.su.se
Abstract I study efficient allocations in a dynamic private information economy with a
continuum of individual shocks that are persistent. I formulate the problem recursively and
develop a first order approach to simplify it. The main advantage of the first order ...
R Bohacek… - Journal of Monetary Economics, 2008 - Elsevier
We analyze optimal income taxes and optimal schooling subsidies in a dynamic private
information economy with observable human capital accumulation. We show that under
plausible conditions the marginal schooling subsidies are positive and that they are zero ...
Abstract This paper characterizes the dynamics of optimal income taxes in a multiperiod
Mirrleesean economy where agents have private information about both their ability and
their human capital. I provide theoretical results showing conditions under which marginal ...
Abstract This paper characterizes optimal income taxes in a dynamic economy with human
capital accumulation. Income taxes affect not only the labor-leisure margin, but also distort
investment in human capital. The goal of this paper is to explore implications of the ...
M Kapicka - Politická ekonomie, 2000 - econpapers.repec.org
The article analyzes the issue of privatization from theoretical point of view. An incomplete
contracts approach is used in the analysis. Formal model is presented, showing how
contractual incompleteness affects the extent of restructuring. The conclusion is, that if the ...
M Kapicka - UCSB, unpublished manuscript, 2004 - idea-files.cerge-ei.cz
Abstract In this paper I study dynamic optimal taxation in a private information economy with
continuum of individual productivity shocks that are persistent over time. I formulate the
problem recursively and develop a first order approach in the spirit of Mirrlees (1971) to ...
JA Birchenall, T Guo, W Hawkins, M Kapicka… - 2010 - econ.ucsb.edu
Abstract This paper studies a general equilibrium island model of mismatch and examines
the stationary properties of the equilibrium. Aggregate demand is uncertain and market
participants cannot instantaneously adjust to changes in demand. Changes in ...
[CITATION] The efficient market hypothesis testing on the Prague Stock Exchange
V Miloslav, F Jan… - Bulletin České ekonometrické společnosti
[CITATION] The Efficient Market Hypothesis on the Prague Stock Exchange
M Vosvrda, J Filacek… - Workshop to ACE Phare Project Paper P, 1998
[CITATION] Income Taxation and Human Capital Accumulation
K Marek - 2002 - PhD Dissertation, University of …
[CITATION] Optimal Human Capital Policies
B Radim… - 2004 - mimeo
[CITATION] kEffi cient Allocations in Dynamic Private Information Economies with Persistent Shocks: A First $ Order Approach. lUniversity of Cal $ ifornia
M Kapicka - 2006 - Santa Barbara, Working paper
Abstract In this paper I provide measures of technology capital and country openness, as
introduced by McGrattan and Prescott (2007a). I construct these measures for the US
economy and for the rest of the world for 1976-2005. The key identifying assumption is ...
Abstract In this paper, we investigate the implications of a model of consumption risk sharing
where infinitely-lived households face persistent idiosyncratic shocks to earnings, where the
realizations of these shocks are private information and where there is limited ...
M Kapička - Politická ekonomie, 2000 - ideas.repec.org
... Author Info. Marek Kapička Additional information is available for the following registered
author(s): Marek Kapicka. Abstract. The article analyzes the issue of privatization from theoretical
point of view. An incomplete contracts approach is used in the analysis. ...
M Kapicka - 2007 - carnegie-rochester.rochester.edu
Abstract We analyze optimal income taxes and optimal schooling subsidies in a dynamic
private information economy with observable human capital accumulation. We show that the
marginal schooling subsidies are, under plausible conditions, positive and that they are ...
Abstract In this paper I study dynamic optimal taxation in a private information economy with
continuum of individual productivity shocks that are persistent over time. I show that the
optimum can be implemented in a competitive equilibrium by a simple tax system where ...
Abstract I construct measures of technology capital and country openness for the US
economy and the rest of the world for 1982-2007. The key identifying assumption is that
firms equalize rates of return on tangible and technology capital. Technology capital is ...
[CITATION] Consumption risk sharing under private information when earnings are persistent VERY PRELIMINARY AND INCOMPLETE
[CITATION] Privatization and Incomplete Contracts
MM Kapička
M Kapicka - Czech Journal of Economics and Finance ( …, 1998 - econpapers.repec.org
... Please update your bookmarks. Privatizace a neúplné kontrakty (2. část) (Privatization
and Incomplete Contracts - 2nd part). Marek Kapicka. Czech Journal of Economics and
Finance (Finance a uver), 1998, vol. 48, issue 12, pages 742-755. ...
Abstract We study the effects of educational reforms that would implement European
educational subsidies in the United States. We find that the effects of such reforms depend
critically on how the reform is financed. If higher schooling subsidies are financed by ...
[CITATION] How Important is Technology Capital and Country Openness? Measurement and Theory
Abstract I study the competitive equilibria in dynamic Mirrleesean economies where the
agents can trade income contingent assets on a period-by-period basis. I show that if the
private productivity shocks are IID, markets can achieve efficiency without any government ...
M Kapicka - Czech Journal of Economics and Finance ( …, 1997 - econpapers.repec.org
... Please update your bookmarks. Vývoj obchodní bilance v letech 1993-96 (Development
of the Czech Foreign Trade 1993 - 96). Marek Kapicka. Czech Journal of Economics and
Finance (Finance a uver), 1997, vol. 47, issue 3, pages 163-175. ...
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