When the asset market is incomplete, there typically exist taxes on trades in assets and a redistribution of revenue in … the asset market that are Pareto improving. <p> The policy is anonymous, it economizes on complexity, and it results in ex … traders, it does not require that financial markets be shut down, and it does not modify the asset market structure. As such …

When the asset market is incomplete, there typically exist taxes on trades in assets and a redistribution of revenue in … the asset market that are Pareto improving. The policy is anonymous, it economizes on complexity, and it results in ex … traders, it does not require that financial markets be shut down, and it does not modify the asset market structure. As such …

In this paper it is argued that the domestic division of labor and trade is organized according to the same principle … as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source … international division of labor, taxes and similar domestic government interventionism destroy the domestic division of labor among …

When the asset market is incomplete, there typically exist taxes on trades in assets and a redistribution of revenue in … the asset market that are Pareto improving. The policy is anonymous, it economizes on complexity, and it results in ex … traders, it does not require that financial markets be shut down, and it does not modify the asset market structure. As such …

and choices. We identify circumstances under which a market system of user prices not only enhances aggregate efficiency …

services into a tax system with income and consumption taxes. The setup is a neoclassical growth model where agents differ in …

excludable public goods into a model with consumption and income taxes. The setup is a neoclassical growth model where agents …