Michele Bernasconi, Alberto Zanardi

Tax Evasion, Tax Rates, and Reference Dependence

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FinanzArchiv (FA)

Jahrgang 60 () / Heft 3, S. 422-445 (24)

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Using cumulative prospect theory as a notable example of reference-dependent preference, we revisit the basic portfolio model of tax evasion. We show that some controversial implications of the standard expected-utility theory, including that of a negative relationship between tax rates and evaded income, can be corrected in a direction more consistent with intuition and empirical evidence.

Michele Bernasconi Keine aktuellen Daten verfügbar.

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