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- W3141139473 abstract "This article investigates the Ramsey capital income taxation in a stochastic multi-asset economy, consisting of forward-looking representative agents. To address this issue, we adopt a continuous-time framework, in which uncertain asset returns are modeled as some Ito processes. This specification of the uncertainty allows us to deal with the higher moments explicitly and show how the risks on asset returns affect the optimal tax rate." @default.
- W3141139473 created "2021-04-13" @default.
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- W3141139473 date "2001-01-01" @default.
- W3141139473 modified "2023-09-23" @default.
- W3141139473 title "Risk and optimal Capital Income Taxation in a Continuous---Time, Multi-capital Economy(in Japanese)" @default.
- W3141139473 hasPublicationYear "2001" @default.
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