Nonlinear taxation, tax-arbitrage and equilibrium asset prices

DOI10.1016/S0304-4068(00)00071-9zbMath0985.91045OpenAlexW2150630586MaRDI QIDQ5939301

Benjamin Croitoru, Suleyman Basak

Publication date: 23 April 2002

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(00)00071-9

zbMATH Keywords

asset pricingequilibriumclientele effectsfinantial innovationnonlinear taxationtax-arbitrage

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (4)

Valuation before and after tax in the discrete time, finite state no arbitrage model ⋮ Arbitrage and control problems in finance. A presentation ⋮ Special issue: Arbitrage and control problems in finance ⋮ Asset pricing under progressive taxes and existence of general equilibrium

Cites Work

• Optimal consumption and portfolio policies when asset prices follow a diffusion process
• Optimal consumption choices for a `large' investor
• Convex duality in constrained portfolio optimization
• Existence and Uniqueness of Multi-Agent Equilibrium in a Stochastic, Dynamic Consumption/Investment Model
• Capital Market Equilibrium with Personal Tax
• Tax Arbitrage, Existence of Equilibrium, and Bounded Tax Rebates¹
• Capital Market Equilibrium with Differential Taxation *

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