Implications of uncertainty for optimal policies

DOI10.1016/J.JET.2021.105206zbMath1481.91173OpenAlexW3125116938MaRDI QIDQ2067403

Todd Lensman, Maxim Troshkin

Publication date: 18 January 2022

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2021.105206

zbMATH Keywords

redistributionsocial insurancetaxationhistory dependencereformsefficiency of competitive equilibria

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69) Actuarial mathematics (91G05)

Related Items (1)

Intervention uncertainty, household health, and pandemic

Cites Work

• Efficient allocations under ambiguity
• Recursive multiple-priors.
• Robust control and model misspecification
• On the robustness of Laissez-Faire
• Robust Predictions in Games With Incomplete Information
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• Persistent Private Information
• Subjective Beliefs and ex ante Trade
• Managing pessimistic expectations and fiscal policy
• Non-linear Capital Taxation Without Commitment
• Insurance and Taxation over the Life Cycle
• Time and No Lotteries: An Axiomatization of Maxmin Expected Utility

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