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Taxation and risk taking in general equilibrium models with free entry
13 references·7 citing·39 second hop
Taxation and risk taking in general equilibrium models with free entry (1983)Taxation and risk taking in general equil…Uncertainty and the Evaluation of Public Investment Decisions (2013)Uncertainty and the Evaluatio…The Economics of Information and Uncertainty (1982)The Economics of Information …A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion (1979)A General Equilibrium Entrepr…THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY (1978)THE ROLE OF A STOCK MARKET IN…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Increases in risk and in risk aversion (1974)Increases in risk and in risk…Studies in the Theory of Capital Markets. (1973)Studies in the Theory of Capi…The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds (1970)The structure of investor pre…Economic Efficiency and the Distribution of Benefits from College Instruction (1970)Economic Efficiency and the D…The Efficiency Analysis of Choices Involving Risk (1969)The Efficiency Analysis of Ch…The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking (1969)The Effects of Income, Wealth…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Proportional Income Taxation and Risk-Taking (1944)Proportional Income Taxation …Entrepreneurial Taxation with Endogenous Entry (2014)Entrepreneurial Taxation with…Progressive Taxation, Moral Hazard, and Entrepreneurship (2004)Progressive Taxation, Moral H…Does Tax Evasion Affect Occupational Choice?* (2003)Does Tax Evasion Affect Occup…Marginal and Average Tax Rates and the Incentive for Self-Employment (1999)Marginal and Average Tax Rate…MODELS OF SELF‐EMPLOYMENT IN A COMPETITIVE MARKET (1993)MODELS OF SELF‐EMPLOYMENT IN …THE EFFECTS OF TAXATION ON SAVINGS AND RISK TAKING (1985)THE EFFECTS OF TAXATION ON SA…Chapter 5 The effects of taxation on savings and risk taking (1985)Chapter 5 The effects of taxa…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Present Value of Profits and Cyclical Movements in Investment (1983)Financial intermediation as a beliefs-bridge between optimists and pessimists (2004)The cost of capital, corporation finance and the theory of investment (2008)Macroeconomics with Financial Frictions: A Survey (2012)Essays in the Theory of Risk-Bearing. (1972)The design of tax structure: Direct versus indirect taxation (1976)Credit Rationing in Markets with Imperfect Information (1981)Theory of Financial Decision Making. (1988)Risk, Uncertainty and Profit (1921)The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (1934)Theory of Value (1959)Self-employment in OECD countries (2000)Chapter 61 Knowledge spillovers and the geography of innovation (2004)Global Evidence on Economic Preferences* (2018)The Utility Analysis of Choices Involving Risk (1948)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Rules for Ordering Uncertain Prospects (1969)On the measurement of inequality (1970)Optimal rules for ordering uncertain prospects (1975)Stochastic Dominance and Expected Utility: Survey and Analysis (1992)The Role of Securities in the Optimal Allocation of Risk-bearing (1964)The irrelevance of inference: a decision-making approach to the stochastic evaluation of health care technologies (1999)Review of statistical methods for analysing healthcare resources and costs (2010)Determinants of Risk: Exposure and Vulnerability (2012)The equity premium: A puzzle (1985)Finite state markov-chain approximations to univariate and vector autoregressions (1986)Stock Returns, Expected Returns, and Real Activity (1990)INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION (1975)On the Measurement of Poverty (1987)Capital tax competition: bane or boon (2003)Empirical Tests of the Consumption‐Oriented CAPM (1989)Idiosyncratic Volatility and the Cross Section of Expected Returns (2008)Taming the Factor Zoo: A Test of New Factors (2020)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)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)The arbitrage theory of capital asset pricing (1976)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1979A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion1,919 cited
  • 1969The Efficiency Analysis of Choices Involving Risk1,416 cited
  • 1982The Economics of Information and Uncertainty861 cited
  • 2013Uncertainty and the Evaluation of Public Investment Decisions809 cited
  • 1944Proportional Income Taxation and Risk-Taking786 cited
  • 1973Studies in the Theory of Capital Markets.737 cited
  • 1974Increases in risk and in risk aversion556 cited
  • 1978THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY530 cited
  • 1970Economic Efficiency and the Distribution of Benefits from College Instruction448 cited
  • 1970The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds434 cited
  • 1969The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking411 cited

Cited by

  • 1993MODELS OF SELF‐EMPLOYMENT IN A COMPETITIVE MARKET99 cited
  • 1999Marginal and Average Tax Rates and the Incentive for Self-Employment

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99 cited
  • 2003Does Tax Evasion Affect Occupational Choice?*94 cited
  • 1985THE EFFECTS OF TAXATION ON SAVINGS AND RISK TAKING90 cited
  • 2014Entrepreneurial Taxation with Endogenous Entry86 cited
  • 1985Chapter 5 The effects of taxation on savings and risk taking70 cited
  • 2004Progressive Taxation, Moral Hazard, and Entrepreneurship64 cited