stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure … uncertainty associated with pollution leads to an increase in abatement activities and therefore supports the corresponding …This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents …

This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The …, environmental care is done by the government and financed via income taxation and government bonds. Equilibrium growth depends on …, government debt influences equilibrium growth. Hence, income taxation has an additional indirect impact on accumulation through …

This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The …, environmental care is done by the government and financed via income taxation and government bonds. Equilibrium growth depends on …, government debt influences equilibrium growth. Hence, income taxation has an additional indirect impact on accumulation through …

with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … associated with the taxation of stochastic income flows, the growth effect of taxation is ambiguous. There is a continuum of …

with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … associated with the taxation of stochastic income flows, the growth effect of taxation is ambiguous. There is a continuum of …

with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … associated with the taxation of stochastic income flows, the growth effect of taxation is ambiguous. There is a continuum of …

macroeconomic effects of income taxation. We demonstrate that in the presence of capital and income risk the impact of taxation on …. We observe that the effects of taxation crucially depend on the degree of risk aversion and on the capital income share …

This paper analyzes growth and welfare effects of income taxation in a stochastic endogenous growth model with …