Risk Taking And Taxation In Complete Capital Markets
In general equilibrium, with complete conventional securities markets and endogenous asset supply, taxes on risk remuneration are ineffective but harmless. They do not alter the real allocation of goods or the distribution of wealth, they impose no excess burden, and, in particular, have no impact on risk taking. The Geneva Papers on Risk and Insurance Theory (1991) 16, 167–177. doi:10.1007/BF02386305
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|Date of creation:||1991|
|Contact details of provider:|| Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.|
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"The Taxation of Risky Assets,"
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- Evsey D. Domar & Richard A. Musgrave, 1944. "Proportional Income Taxation and Risk-Taking," The Quarterly Journal of Economics, Oxford University Press, vol. 58(3), pages 388-422. Full references (including those not matched with items on IDEAS)