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https://doi.org/10.1111/j.1468-0335.2006.00539.x
Title: | Income tax evasion and the fear of ruin | Authors: | Chander, P. | Issue Date: | May-2007 | 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. | Source Title: | Economica | URI: | http://scholarbank.nus.edu.sg/handle/10635/132295 | ISSN: | 00130427 | DOI: | 10.1111/j.1468-0335.2006.00539.x |
Appears in Collections: | Staff Publications |
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