Effects of securities transaction taxes on depth and bid-ask spread

DOI10.1007/S00199-006-0097-3zbMATH Open1109.91387OpenAlexW1970599604MaRDI QIDQ873907FDOQ873907

Authors: Dominique Y. Dupont, Gabriel S. Lee 

Publication date: 20 March 2007

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.ihs.ac.at/publications/eco/es-132.pdf

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zbMATH Keywords

Asymmetric informationLiquidity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

• Continuous Auctions and Insider Trading
• Equilibrium interest rate and liquidity premium with transaction costs

Cited In (3)

• Are transaction taxes a cause of financial instability?
• The impact of a financial transaction tax on stylized facts of price returns -- evidence from the lab
• Tobin tax and market depth

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