Taxation of Labor Income and the Demand for Risky Assets
نویسندگان
چکیده
منابع مشابه
Flexibility and the Demand for Risky Assets
To a decisionmaker facing a choice over a set of risky prospects the issue of ‘flexibility’, i.e., the ability to postpone other decisions until after the uncertainty is resolved, is a crucial one. Tisdell (1963) for example, has shown that the well known ‘preference’ of a risk neutral firm for random over constant prices (with the same mean) reduces to indifference when it is assumed that the ...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2000
ISSN: 0020-6598,1468-2354
DOI: 10.1111/1468-2354.00084