Levaggi, Rosella; Menoncin, Francesco - In: Journal of Economic Dynamics and Control 37 (2013) 11, pp. 2157-2167
We study optimal dynamic tax evasion in the framework proposed by Lin and Yang (2001) and Dzhumashev and Gahramanov (2011) with some modifications: a more flexible utility function, a more realistic audit process, and a penalty function which can be defined both on evaded income and evaded...