A Bernstein theorem for special Lagrangian graphs

We obtain a Bernstein theorem for special Lagrangian graphs in n-dimensional complex space for arbitrary n only assuming bounded slope, but no quantitative restriction.Comment: 17 page

Welfare improving taxation on savings in a growth model

Capital Income taxes, R&D, growth effect, welfare effect

Welfare improving taxation on saving in a growth model

We consider the optimal factor income taxation in a standard R&D model with technical change represented by an increase in the variety of intermediate goods. Redistributing the tax burden from labour to capital will increase the employment rate in equilibrium. This has opposite effects on two distortions in the model, one due to monopoly power, the second to the incomplete appropriability of the bene?ts of inventions. Their relative momentum determines the sign of the welfare effect. We show that, for parameter values consistent with available estimates, taxing capital more heavily than labour can be welfare increasing.Capital income taxes, R&D, growth effect, welfare Effect