ISSN:
1554-9658
Keywords:
Risk Taking
;
Taxation
;
Complete Conventional Securities Markets
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract 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.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF02386305
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