CIRJE-J-51. Shimokawa, Tetsuya, "Optimal Capital Income Taxation in a Competitive Equilibrium Model with Incomplete Financial Markets", March 2001.

This article extends the implications obtained in my previous study, Shimokawa(2001), to the environment with incomplete financial markets. To this end, we use an implementability constraint and solve the so-called primal Ramsey tax problem, which is a popular procedure in discrete-time analytical frameworks.