Another award goes to Brendan K. Beare (University of Sydney) and Alexis Akira Toda (Emory University) for doi.org/10.1111/ecin.... Archive at doi.org/10.3886/E229....
This article concerns the optimal choice of flat taxes on labor and capital income, and on consumption, in a tractable economic model in which agents are subject to idiosyncratic investment risk. We ...