Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
Economies with private information provide a rationale for capital taxation. In this paper we ask what the welfare gains from following this prescription are. We develop a method to answer this question in standard general equilibrium models with idiosyncratic uncertainty and incomplete markets. We...
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
University of Chicago Press, The,
2013-12-09T13:08:06Z.
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| Subjects: | |
| Online Access: | Get fulltext |