The taxation of trades in assets

When the asset market is incomplete, there typically exist taxes on trades in assets that are Pareto improving. This fiscal policy is anonymous, it is fully and correctly anticipated by traders, and it results in ex post Pareto optimal allocations; as such, it improves over previously proposed const...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of economic theory 2006, Vol.126 (1), p.299-313
Hauptverfasser:	Citanna, A., Polemarchakis, H.M., Tirelli, M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Asset allocation Asset backed securities Business administration Competitive equilibrium domain_shs.eco.eco Economic theory Economics and Finance Humanities and Social Sciences Incomplete asset markets Pareto improvement Pareto optimum Studies Taxes
Online-Zugang:	Volltext
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