Please use this identifier to cite or link to this item:
|Title:||Income tax evasion and the fear of ruin|
|Citation:||Chander, P. (2007-05). Income tax evasion and the fear of ruin. Economica 74 (294) : 315-328. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1468-0335.2006.00539.x|
|Abstract:||This paper characterizes the optimal income tax function when the agent is risk averse and the objective of the principal is to maximize a social welfare function. We show that the optimal tax function is generally non-decreasing and concave if the principal's objective is maximin and the agent's utility function satisfies a reasonable condition which we call 'repetitive risk aversion'. It is shown further that in many cases the optimal tax function is similarly concave when the social welfare function is utilitarian. © The London School of Economics and Political Science 2006.|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Oct 16, 2018
WEB OF SCIENCETM
checked on Oct 8, 2018
checked on Sep 20, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.