The Effects of Redistributive Taxation in Credit Markets with Adverse Selection

This paper studies the effects of redistributive taxation in credit markets with adverse selection and shows that there exists a range of taxes that creates Pareto improvement relative to the (zero-tax) market allocation by increasing aggregate investment. For sufficiently high taxes, an increase in the safe interest rate can be accompanied by an increase in investment

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Year of publication:	2019
Authors:	Dosis, Anastasios
Publisher:	[S.l.] : SSRN
Subject:	Adverse Selektion \| Adverse selection \| Umverteilung \| Redistribution \| Finanzmarkt \| Financial market \| Theorie \| Theory \| Kreditmarkt \| Credit market

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Extent:	1 Online-Ressource (14 p)
Series:	ESSEC Working Paper ; 1906 April 2019
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 30, 2019 erstellt
Other identifiers:	10.2139/ssrn.3388867 [DOI]
Classification:	D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory ; H82 - Governmental Property ; H25 - Business Taxes and Subsidies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014106222