Ball, ChristopherCreedy, John2013-07-112022-07-0520132013-07-112022-07-0520132013https://ir.wgtn.ac.nz/handle/123456789/18781This paper considers the extent to which the standard argument, that the disproportionate excess burden of taxation suggests the use of tax-smoothing in the face of future cost increases, is modified by uncertainty regarding the future. The role of uncertainty and risk aversion are examined using several highly simplified models involving a possible future contingency requiring an increase in tax-financed expenditure.pdfen-NZNo known rights restriction other than copyrighthttps://www.wgtn.ac.nz/library/about-us/policies-and-strategies/copyright-for-the-researcharchiveTax smoothingUncertaintyRiskExcess burdenTax Policy with Uncertain Future Costs: Some Simple ModelsTexthttp://www.victoria.ac.nz/sacl/about/cpf