Tax neutrality under irreversibility and risk aversion

被引：21
|
作者：
Niemann, R
Sureth, C
机构：
[1] Univ Tubingen, Dept Econ, D-72074 Tubingen, Germany
[2] Univ Gesamthsch Paderborn, Dept Business Adm & Econ, D-4790 Paderborn, Germany
来源：
ECONOMICS LETTERS | 2004年 / 84卷 / 01期
关键词：
investment under uncertainty; real options; risk aversion; tax neutrality;
D O I：
10.1016/j.econlet.2003.12.010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Neutral tax systems that do not affect investment decisions are often considered desirable from a tax policy perspective. This paper uses the real option paradigm to derive neutral tax systems for the first time under risk aversion and irreversibility. (C) 2004 Elsevier B.V. All rights reserved.
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页码：43 / 47
页数：5
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