Ackert, Lucy F.; Qi, Li; Zou, Wenbo - In: Journal of Financial Economic Policy 14 (2021) 3, pp. 269-282
Purpose: This study aims to report on experimental asset markets designed to examine the impact of a levy on trade, as well as the taxation authority’s ability to raise tax revenue when markets are subject to mispricing. Some have suggested that a transaction tax will discourage irrational...