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dc.contributor.authorHellwig, Martinen_US
dc.date.accessioned2006-05-23en_US
dc.date.accessioned2009-08-06T09:27:18Z-
dc.date.available2009-08-06T09:27:18Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/26884-
dc.description.abstractFor the standard specification of the utilitarian optimal income tax problem with hidden characteristics, the paper shows that randomized tax schemes are undesirable if preferences exhibit a property of weakly decreasing risk aversion according to the multidimensional risk aversion concept of Hellwig (2004). The property of decreasing risk aversion also implies uniqueness of the optimal income tax schedule and continuity in cases where the type distribution has a continuous density.en_US
dc.language.isoengen_US
dc.publisherMax Planck Inst. for Research on Collective Goods Bonnen_US
dc.relation.ispartofseriesPreprints of the Max Planck Institute for Research on Collective Goods 2005,27en_US
dc.subject.jelH21en_US
dc.subject.ddc330en_US
dc.subject.keywordOptimal Income Taxationen_US
dc.subject.keywordRandomized Incentive Schemesen_US
dc.subject.keywordNonincreasing Risk Aversionen_US
dc.subject.stwEinkommensteueren_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwRisikoaversionen_US
dc.subject.stw├ľkonomischer Anreizen_US
dc.subject.stwTheorieen_US
dc.titleThe undesirability of randomized income taxation under decreasing risk aversionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn512215219en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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