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TAXATION AND RISK TAKING: A GENERAL EQUILIBRIUM PERSPECTIVE
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TAXATION AND RISK TAKING: A GENERAL EQUILIBRIUM PERSPECTIVE (1994)TAXATION AND RISK TAKING: A GENERAL EQUIL…Tax Smoothing with Financial Instruments (2016)Tax Smoothing with Financial …Recherches économiques de Louvain (2015)Recherches économiques de Lou…Handbook of Public Economics (2013)Handbook of Public EconomicsRetrospective Capital Gains Taxation (1988)Retrospective Capital Gains T…Untangling the Income Tax (1986)Untangling the Income TaxTaxation of Corporate Capital Income: Tax Revenues Versus Tax Distortions (1985)Taxation of Corporate Capital…Housing Tenure, Uncertainty, and Taxation (1984)Housing Tenure, Uncertainty, …Discounting for Time and Risk in Energy Policy. (1984)Discounting for Time and Risk…The Taxation of Risky Assets (1982)The Taxation of Risky AssetsLectures on Public Economics. (1981)Lectures on Public Economics.Portfolio Theory, Asset Demand and Taxation: Comparative Statics with Many Assets (1977)Portfolio Theory, Asset Deman…The Effects of Taxation on Risk Taking (1969)The Effects of Taxation on Ri…The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking (1969)The Effects of Income, Wealth…Taxation and Risk-Taking: An Expected Utility Approach (1968)Taxation and Risk-Taking: An …Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Proportional Income Taxation and Risk-Taking (1944)Proportional Income Taxation …Asset Prices in an Exchange Economy (1978)On the Determination of the Public Debt (1979)The equity premium: A puzzle (1985)Budget balance through revenue or spending adjustments? (1991)Optimal maturity of government debt without state contingent bonds (2004)Politicians, Taxes and Debt (2008)Capital Market Equilibrium with Personal Tax (1983)Taxation, Portfolio Choice, and Debt-Equity Ratios: A General Equilibrium Model (1983)Generalized Cash Flow Taxation (2001)Taxation of Financial Services under a VAT (2002)Taxation of Intergenerational Transfers and Wealth (2013)Aspects of the Theory of Risk-Bearing. (1966)Aspects of Rational Insurance Purchasing (1992)FROM THE LAB TO THE FIELD: A REVIEW OF TAX EXPERIMENTS (2017)Optimal taxation and spending in general competitive growth models (1999)Regressive Taxation and the Welfare State (2003)Tax Competition and Tax Coordination in the European Union (2003)International Risk Sharing and Economic Growth (1994)Growth Theory Through the Lens of Development Economics (2005)Finance and Inequality: Theory and Evidence (2009)INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION (1975)On the Measurement of Poverty (1987)Capital tax competition: bane or boon (2003)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Chapter 14 The theory of cost-benefit analysis (1987)Discounting and distributional considerations in the context of global warming (1996)Addressing climate change through price and non-price interventions (2019)Inequality Reexamined (1995)The social and private micro-level consequences of homeownership (2003)Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market (2004)The design of tax structure: Direct versus indirect taxation (1976)Pigou, Tiebout, property taxation, and the underprovision of local public goods (1986)The effects of government ownership on bank lending (2003)
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References

  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1981Lectures on Public Economics.1,680 cited
  • 1944Proportional Income Taxation and Risk-Taking786 cited
  • 2013Handbook of Public Economics658 cited
  • 1969The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking411 cited
  • 1984Discounting for Time and Risk in Energy Policy.271 cited
  • 1986Untangling the Income Tax252 cited
  • 2016Tax Smoothing with Financial Instruments252 cited
  • 1968Taxation and Risk-Taking: An Expected Utility Approach241 cited
  • 1988Retrospective Capital Gains Taxation200 cited
  • 1969The Effects of Taxation on Risk Taking182 cited
  • 1985Taxation of Corporate Capital Income: Tax Revenues Versus Tax Distortions161 cited
  • 1982The Taxation of Risky Assets138 cited
  • 2015Recherches économiques de Louvain114 cited
  • 1977Portfolio Theory, Asset Demand and Taxation: Comparative Statics with Many Assets90 cited
  • 1984Housing Tenure, Uncertainty, and Taxation84 cited

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