Measuring the Efficiency Cost of Taxing Risky Capital Income
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In this paper, we derive a measure of the efficiency cost of taxing risky capital income in an infinite horizon stochastic model. The resulting measure differs from all those that have been proposed in the existing literature. It can be represented by the expression -sigma(s) T(s)c(deltaX(s)), where
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美国国家经济研究局创建时间：
1986-08-01
