average rates of income tax. A tax model based on the principle of equal absolute sacrifice of satisfaction is employed …

for different types of investors and market imperfections, including taxes and transaction costs. Design … imperfections, such as taxes and transactions costs, implies that there is not a unique equilibrium for the level of stock price … this paper is to show that the existence of taxes and transaction costs precludes the determination of a unique equilibrium …

income effect. Whether this condition can be satisfied is very much an open empirical issue. An alternative to global taxes …Purpose – The paper aims to investigate the possible crowding-out of regular development aid by global taxes. Design … argues that global taxes could lead to an increase in aid-cum-tax revenue if such taxes produce a globally net positive …

for different types of investors and market imperfections, including taxes and transaction costs. Design … imperfections, such as taxes and transactions costs, implies that there is not a unique equilibrium for the level of stock price … this paper is to show that the existence of taxes and transaction costs precludes the determination of a unique equilibrium …

average rates of income tax. A tax model based on the principle of equal absolute sacrifice of satisfaction is employed …