Kirchler, Michael; Huber, Jürgen; Kleinlercher, Daniel - In: Journal of Economic Behavior & Organization 80 (2011) 3, pp. 586-602
Trading in FX markets is dominated by two microstructures: exchanges with market makers and OTC-markets without market makers. Using laboratory experiments we test whether the impact of a Tobin tax is different in these two market microstructures. We find that (i) in markets without market...
