. This paper explores the effect of such relief on incentives and the allocation of risk in a model with private insurance …

A significant source of risk arises from uncertainty concerning future government policy. Government action - - tax … preexisting rules. The effects of government relief - - compensation, grandfathering, phase-ins - - on ex ante incentives and risk …

. This paper explores the effect of such relief on incentives and the allocation of risk in a model with private insurance …

A significant source of risk arises from uncertainty concerning future government policy. Government action - - tax … preexisting rules. The effects of government relief - - compensation, grandfathering, phase-ins - - on ex ante incentives and risk …

social value judgments and individuals’ risk preferences, the latter raising an empirical question about choices under …, raises further complications regarding the relationship between social judgments and individuals’ risk preferences …

Taxation and risk taking are examined in a general equilibrium model that incorporates uncertain government revenue in … riskless component of investment returns or to an ex ante wealth tax -- both of which absorb no private risk and yield certain … for behavior (private and total risk taking) and welfare are immediate. Moreover, these results are independent of the …

Taxation and risk taking are examined in a general equilibrium model that incorporates uncertain government revenue in … riskless component of investment returns or to an ex ante wealth tax -- both of which absorb no private risk and yield certain … for behavior (private and total risk taking) and welfare are immediate. Moreover, these results are independent of the …