Risk Taking and Taxation: An Alternative Perspective

Ravi Kanbur

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: The analysis of risk taking and taxation has almost invariably been in a portfolio choice framework. This paper presents the alternative perspective of an occupational choice framework - where risk taking involves the additional element of discrete choice between safe and risky activities. It is shown that the specification of equilibrium must of necessity have a general equilibrium character. In this setting the paper develops rules for government intervention in the market equilibrium, and analyses the effects of taxation on risk taking.

Pages: 32 pages
Date: 1978
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https://warwick.ac.uk/fac/soc/economics/research/w ... 78-1988/twerp136.pdf

Related works:
Journal Article: Risk taking and taxation: An alternative perspective (1981)
Working Paper: Risk Taking and Taxation: An Alternative Perspective (1978)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:136

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