search query: @indexterm taxation / total: 1872
reference: 441 / 1872
| Author: | Dow, J. Rahi, R. |
| Title: | Should speculators be taxed? |
| Journal: | Journal of Business
2000 : JAN, VOL. 73:1, p. 89-108 |
| Index terms: | ECONOMISTS TAXATION SPECULATION |
| Language: | eng |
| Abstract: | A number of economists have supported the taxation of speculation in financial markets. The authors examine the welfare economics of such a tax in a model of a financial market where some agents have superior information and others have a hedging motive. The authors show that a tax on speculators may actually increase speculative profits. This occurs if the speculators benefit from less-informative prices offsets the cost of the tax. |
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