This article studies the effects of tax competition on the provision of public goods under business risk and partial …

potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … explore the design of policy. The model highlights the critical roles played by (i) the relationship between behavioural risk … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …

the literature on wage effects we add a breakdown of variances in heterogeneity and risk. …

to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are … subject to risk-shifting. They realize more of their workers risky ideas, helping small firms to poach creative workers from … firms take excessive risk, average enterprise profitability decreases, while bankruptcy increases. Moreover, large firms …

that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk … households less than half of human capital risk is insured and the welfare losses due to the lack of insurance range from 3 …

) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure … risk aversion. …