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Policies to Achieve a Better Distribution of Income: Or is a Dollar a Dollar?

✍ Scribed by David Kelsey

Book ID
124294421
Publisher
Oxford University Press
Year
1988
Tongue
English
Weight
170 KB
Volume
40
Category
Article
ISSN
0030-7653

No coin nor oath required. For personal study only.

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## Abstract An entrepreneur faces two types of risk: one from income generation, one from income spending. His income from firm profits is risky due to output price fluctuations and other risks. As a consumer, he is also exposed to inflation risk since he maximizes expected utility of real income.