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Optimal Financial Transaction Taxes

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NBER2020-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27826
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资源简介:
This paper characterizes the optimal transaction tax in an equilibrium model of competitive financial markets. As long as investors hold heterogeneous beliefs that are not related to their fundamental trading motives and the planner calculates welfare using any single belief, a strictly positive tax
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2020-09-01
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