Sök i SwePub databas

  Utökad sökning

Träfflista för sökning "WFRF:(Kirchler Michael 1977 ) srt2:(2017)"

Sökning: WFRF:(Kirchler Michael 1977 ) > (2017)

  • Resultat 1-3 av 3
Sortera/gruppera träfflistan
  • Huber, J., et al. (författare)
  • Market versus Residence Principle: Experimental Evidence on the Effects of a Financial Transaction Tax
  • 2017
  • Ingår i: Economic Journal. - 0013-0133. ; 127:605, s. F610-F631
  • Tidskriftsartikel (refereegranskat)abstract
    • The effects of a financial transaction tax (FTT) are scientifically disputed, as seemingly small details of its implementation may matter a lot. In this article, we provide experimental evidence on the different effects of an FTT, depending on whether it is implemented as a tax on markets, on residents, or a combination of both. We find that a tax on markets has negative effects on volatility and trading volume, whereas a tax on residents shows none of these undesired effects. Additionally, we observe that individual risk attitude is not related to traders’ reaction to the different forms of an FTT. © 2017 The Authors. The Economic Journal published by John Wiley & Sons Ltd on behalf of Royal Economic Society.
  • Razen, M., et al. (författare)
  • Cash inflow and trading horizon in asset markets
  • 2017
  • Ingår i: European Economic Review. - 0014-2921. ; 92, s. 359-384
  • Tidskriftsartikel (refereegranskat)abstract
    • It is conjectured that one of the major ingredients of historic financial bubbles was the inflow of money in various forms. We run 36 laboratory asset markets to investigate the joint effect of cash inflow and trading horizon on price efficiency. We show that markets with cash inflow and long trading horizon exhibit bubbles and crashes. We also observe that markets with extended trading horizon but without cash inflow and markets with shorter trading horizon do not trigger bubbles. Finally, we report that beliefs about prices and, importantly, about (constant) fundamentals follow bubble patterns as well.
Skapa referenser, mejla, bekava och länka
  • Resultat 1-3 av 3
pil uppåt Stäng

Kopiera och spara länken för att återkomma till aktuell vy