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Optimal taxation of normal and excess returns to risky assets

Boadway, Robin W.; Spiritus, Kevin - 2021

We study the optimal taxation of risk-free and excess capital income with heterogeneous rates of return, alongside an optimal nonlinear earnings tax. Households can hold three assets: one risk-free, one risky but diversifiable, and one a private investment with idiosyncratic risk whose expected...

Persistent link: https://www.econbiz.de/10012487914

Employment protection, technology choice, and worker allocation

Bartelsman, Eric J.; Gautier, Pieter; Wind, Joris de - 2010

Persistent link: https://www.econbiz.de/10003973969

Cash flow and discount rate risk in up and down markets : what is actually priced?

Botshekan, Mahmoud; Kräussl, Roman; Lucas, André - 2010

Persistent link: https://www.econbiz.de/10008771821

Stock selection, style rotation, and risk

Lucas, André; Dijk, Ronald van; Kloek, Teunis - 2001

Persistent link: https://www.econbiz.de/10001554542

Biodiversity prospecting over time and under uncertainty : a theory of sorts

Batabyal, Amitrajeet A.; Nijkamp, Peter - 2013

a wild organism with a certain quality at a point in time then it will never use this same organism at a subsequent … point in time. Second, we show that if our PF uses a particular organism with its quality at a point in time then it will co … ntinue to produce the drug with the chemicals from this organism at all later points in time. Third, we show that there is a …

Persistent link: https://www.econbiz.de/10010224811

Strategic vertical foreign investment under exchange rate uncertainty

Roy, Santanu; Viaene, Jean-Marie - 1996

Persistent link: https://www.econbiz.de/10000959250

The impact of uncertainty on investment : a meta-analysis

Koetse, Marc J.; Groot, Henri L. F. de; Florax, Raymond … - 2006

Persistent link: https://www.econbiz.de/10003354593

The downside risk of heavy tails induces low diversification

Hyung, Namwon; Vries, Casper G. de - 2010

Persistent link: https://www.econbiz.de/10008655194

A theory of continuous uncertainty types

Czerny, Achim Ingo; Verhoef, Erik T.; Zhang, Anming - 2015

This paper distinguishes uncertainty types that differ continuously with respect to the degree to which uncertainty affects the optimal price/price markup or optimal quantity. A monopoly example is used to show that seemingly strong assumptions on functional forms can represent a wide variety of...

Persistent link: https://www.econbiz.de/10010532588

On positive value of information in risk sharing

Denderski, Piotr; Stoltenberg, Christian - 2015 - This Version: May 2015

We develop a novel argument why better public information can help countries to insure against idiosyncratic risk. Representative agents of developing and industrial countries receive public and private signals on their future income realization and engage in risk-sharing contracts with limited...

Persistent link: https://www.econbiz.de/10011279741