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Asymmetry of Taxes and Subsidies in Regulating Stochastic Mishap

Richard E. Just, David Zilberman

The Quarterly Journal of Economics · 1979 · Volume 93 · Issue 1

DOI: 10.2307/1882603

Abstract

I. The model 140.—II. Marginal effects of taxes and subsidies, 142.—III. The role of risk preferences, 143.—IV. Relative effectiveness of taxes and subsidies, 145.—V. Conclusions, 147.

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