Niemann, Rainer; Sureth-Sloane, Caren - 2015
Dixit/Pindyck type real options model we find that wealth taxes have real effects. This means that higher wealth tax rates … can either stimulate or depress the propensity to invest in risky projects. We find that apparently paradoxical wealth tax … effects (accelerated investment due to higher wealth tax rates) are more likely for low interest rates and for high …