Are transaction taxes a cause of financial instability?

DOI10.1016/j.physa.2015.12.151zbMath1400.91343OpenAlexW2237386064MaRDI QIDQ1619292

Fulvio Fontini, Marco Tolotti, Elena Sartori

Publication date: 13 November 2018

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.physa.2015.12.151

zbMATH Keywords

heteroscedasticitytransaction costMarkov switching modelsmarket gameendogenous dynamicsTobin taxation

Mathematics Subject Classification ID

Applications of game theory (91A80) Macroeconomic theory (monetary models, models of taxation) (91B64) Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Strategic interaction in trend-driven dynamics
• The effectiveness of Keynes-Tobin transaction taxes when heterogeneous agents can trade in different markets: a behavioral finance approach
• A simple asset pricing model with social interactions and heterogeneous beliefs
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Random economies with many interacting agents
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• Discrete Choice with Social Interactions
• Multiple equilibria in a monopoly market with heterogeneous agents and externalities
• Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation
• A Rational Route to Randomness
• HERD BEHAVIOR AND AGGREGATE FLUCTUATIONS IN FINANCIAL MARKETS
• Identification of Binary Response Models
• Tobin tax and market depth

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