NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Capital Taxation and Ownership when Markets are Incomplete

Emmanuel Farhi

NBER Working Paper No. 13390
Issued in September 2007

---- Acknowledgements -----

My debt to my advisors Ricardo Caballero, George-Marios Angeletos and Ivan Werning cannot be overstated. For helpful discussions and insightful comments, I thank Daron Acemoglu, Abhijit Banerjee, Olivier Blanchard, V.V Chari, Xavier Gabaix, Mike Golosov, Patrick Kehoe, Narayana Kocherlakota, Guido Lorenzoni, Veronica Guerrieri, and seminar participants at the Minneapolis Fed, MIT, Chicago, Harvard, Princeton, Berkeley, Stanford, NYU, Columbia, Yale. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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