IDEAS home Printed from https://ideas.repec.org/p/ags/uwarer/268392.html
   My bibliography  Save this paper

Subsidization Of Risky Investment Under Income Taxation And Moral Hazard

Author

Listed:
  • Christiansen, Vidar

Abstract

A simplified version of an analysis by Mayshar (1977) is established in order to expose and explain the key factor behind the case for subsidizing private risky investment. A critical evaluation of the analysis motivates an extension of the model to incorporate moral hazard. It is demonstrated that the main conclusion of the former analysis carries over to the revised model under reasonable assumptions.

Suggested Citation

  • Christiansen, Vidar, 1990. "Subsidization Of Risky Investment Under Income Taxation And Moral Hazard," Economic Research Papers 268392, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:268392
    DOI: 10.22004/ag.econ.268392
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/268392/files/twerp357.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/268392/files/twerp357.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.268392?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hans-Werner Sinn, 1996. "Social insurance, incentives and risk taking," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 3(3), pages 259-280, July.

    More about this item

    Keywords

    Financial Economics; Risk and Uncertainty;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uwarer:268392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.