This paper makes use of perturbation theory to solve analytically a class of robust control problems implied by Anderson, Hansen and Sargent (2000) (AHS (2000)) model of a preference for robustness. For the constant opportunity set model, we provide (i) asymptotic expressions that characterize...

We show in this paper how a tax law can be formulated which (i) does not distort economic incentives of individuals and firms, (ii) is based on low information requirements, and (iii) which does not violate important behavioral facts such as fairness in taxation of the subjects. That for, a...