On the non-homogeneous effect of financial transaction taxes
نویسندگان
چکیده
منابع مشابه
Optimal Financial Transaction Taxes
This paper characterizes the optimal linear financial transaction tax in an equilibrium model of competitive financial markets. As long as investors hold heterogeneous beliefs about the returns of assets in fixed supply and the planner calculates welfare using any single belief, we expect the optimal tax to be positive, even when a fraction of trading is fundamental. Strikingly, the optimal tax...
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ژورنال
عنوان ژورنال: Economics and Business Letters
سال: 2020
ISSN: 2254-4380
DOI: 10.17811/ebl.9.3.2020.230-239