Risk Taking and Taxation : An Alternative Perspective

@inproceedings{Kanbur1978RiskTA,
  title={Risk Taking and Taxation : An Alternative Perspective},
  author={S. M. Ravi Kanbur},
  year={1978}
}
The analysis of risk taking and taxation has almost invariably been in a portfolio choice framework. This paper presents the alternative perspective of an occupational choice framework - where risk taking involves the additional element of discrete choice between safe and risky activities. It is shown that the specification of equilibrium must of necessity have a general equilibrium character. In this setting the paper develops rules for government intervention in the market equilibrium, and… CONTINUE READING

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