Asset Trade, Real Investment, and a Tilting Financial Transaction Tax
References
- (2020) Taxing financial transactions. Working paper, HEC, Paris.Google Scholar
- (2006) Price informativeness and investment sensitivity to stock price. Rev. Financial Stud. 20(3):619–650.Crossref, Google Scholar
- (1987) Signaling games and stable equilibria. Quart. J. Econom. 102:179–221.Crossref, Google Scholar
- (2017) Financial transaction taxes, market composition, and liquidity. J. Finance 72(6):2685–2716.Crossref, Google Scholar
- (2022) Optimal financial transaction taxes. J. Finance Forthcoming.Google Scholar
- (2021) Trading costs and informational efficiency. J. Finance 76(3):1471–1539.Crossref, Google Scholar
- (2018) One fundamental and two taxes: When does a Tobin tax reduce financial price volatility? J. Financial Econom. 130(3):663–692.Crossref, Google Scholar
- (2019) Mostly good Robin Hood: Impact of financial transaction tax on corporate investment. Working paper, Carlos III, Madrid, Spain.Google Scholar
- (2000) Should speculators be taxed? J. Bus. 102:89–107.Crossref, Google Scholar
- (2003) Informed trading, investment, and welfare. J. Bus. 76(3):439–454.Crossref, Google Scholar
- (2012) The real effects of financial markets: The impact of prices on takeovers. J. Finance 67:933–971.Crossref, Google Scholar
- (2015) Feedback effects, asymmetric trading, and the limits to arbitrage. Amer. Econom. Rev. 105:3766–3797.Crossref, Google Scholar
- (2017) The source of information in prices and investment-price sensitivity. J. Financial Econom. 126(1):74–96.Crossref, Google Scholar
- (2014) Learning from peers’ stock prices and corporate investment. J. Financial Econom. 111(3):554–577.Crossref, Google Scholar
- (1985) Bid, ask and transaction prices in a specialist market with heterogeneously informed traders. J. Financial Econom. 14(1):71–100.Crossref, Google Scholar
- (2008) Informed trading, investment, and welfare. Rev. Econom. Stud. 75(1):133–164.Crossref, Google Scholar
- (1976) On the efficiency of competitive stock markets where trades have diverse information. J. Finance 31(2):573–585.Crossref, Google Scholar
- (1980) On the impossibility of informationally efficient markets. Amer. Econom. Rev. 70(3):393–408.Google Scholar
- (2005) Should short-term speculators be taxed, or subsidised? Ann. Finance 1:327–348.Crossref, Google Scholar
- (2016) Public information and uninformed trading: Implications for market liquidity and price efficiency. J. Econom. Theory 163:604–643.Crossref, Google Scholar
- (2006) The role of transaction costs for financial volatility: Evidence from the paris bourse. J. Eur. Econom. Assoc. 4(4):862–890.Crossref, Google Scholar
- (1997) Transaction costs and price volatility: Evidence from commission deregulation. Amer. Econom. Rev. 87(4):728–737.Google Scholar
- (1936) The General Theory of Employment, Interest and Money (Kessinger Publishing, Whitefish, MT).Google Scholar
- (2019) The social value of financial expertise. Amer. Econom. Rev. 109:556–590.Crossref, Google Scholar
- (2021) Signaling to experts. Rev. Econom. Stud. 88(2):800–850.Crossref, Google Scholar
- (1985) Continuous auctions and insider trading. Econometrica 53(6):1315–1335.Crossref, Google Scholar
- (1990) The efficient market hypothesis and insider trading on the stock market. J. Political Econom. 98(1):70–93.Crossref, Google Scholar
- (1992) Insider trading: Should it be prohibited? J. Political Econom. 100(4):859–887.Crossref, Google Scholar
- (2011) Taxing financial transactions: Issues and evidence. Working paper, International Monetary Fund, Washington, DC.Google Scholar
- (1982) Information, trade and common knowledge. J. Econom. Theory 26(1):17–27.Crossref, Google Scholar
- (1989) Commentary: Using tax policy to curb speculative short-term trading. J. Financial Service Res. (3):117–120.Google Scholar
- (1993) Securities transaction taxes: An overview of costs, benefits and unresolved questions. Financial Anal. J. 49(5):27–35.Crossref, Google Scholar
- (1989) Using tax policy to curb speculative short-term trading. J. Financial Service Res. 3(2–3):101–115.Crossref, Google Scholar
- (1982) On the possibility of specuation under rational expectations. Econometrica 50(5):1163–1181.Crossref, Google Scholar
- (1993) Transaction taxes and the behavior of the swedish stock market. J. Financial Econom. 33(2):227–240.Crossref, Google Scholar
- (2012) Liquidity and asset returns under asymmetric information and imperfect competition. Rev. Financial Stud. 25(5):1339–1365.Crossref, Google Scholar
- (2017) Endogenous public information and welfare in market games. Rev. Econom. Stud. 84(2):935–963.Crossref, Google Scholar

