haku: @indexterm speculation / yhteensä: 43
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| Tekijä: | Dow, J. Rahi, R. |
| Otsikko: | Should speculators be taxed? |
| Lehti: | Journal of Business
2000 : JAN, VOL. 73:1, p. 89-108 |
| Asiasana: | ECONOMISTS TAXATION SPECULATION |
| Kieli: | eng |
| Tiivistelmä: | 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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