Tax neutrality under irreversibility and risk aversion

  title={Tax neutrality under irreversibility and risk aversion},
  author={Rainer Niemanna and Caren Surethb and rainer. niemann},
Neutral tax systems that do not affect investment decisions are often considered desirable from a tax policy perspective. This paper uses the real option paradigm to derive neutral tax systems for the first time under risk aversion and irreversibility. D 2004 Elsevier B.V. All rights reserved. 
Highly Cited
This paper has 18 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.


Publications referenced by this paper.
Showing 1-8 of 8 references

Partially irreversible investment decisions and taxation under uncertainty: a real option approach

  • C. Sureth
  • German Economic Review
  • 2002
Highly Influential
5 Excerpts

Taxation and investment decisions: a real option approach

  • E. Agliardi
  • Australian Economic Papers
  • 2001
1 Excerpt

Neutral taxation under uncertainty — a real options approach

  • R. Niemann
  • Finanz Archiv
  • 1999
1 Excerpt

Le choix de capacité comme l ’ exercice d ’ une option d ’ achat financière

  • T. M. Harchaoui, P. Lasserre
  • Canadian Journal of Economics
  • 1996
1 Excerpt

The pricing of options and corporate liabilities

  • E. C. Brown
  • Journal of Political Economy
  • 1973

Income taxes and investment decisions

  • S.-E. Johansson
  • Swedish Journal of Economics
  • 1969
1 Excerpt

Tax deductibility of economic depreciation to insure invariant valuations

  • P. A. Samuelson
  • Journal of Political Economy
  • 1964
1 Excerpt

Business - income taxation and investment incentives

  • L. A. Metzler
  • Income , Employment and Public Policy , Essays in…
  • 1948

Similar Papers

Loading similar papers…