메뉴 건너뛰기




Volumn 9, Issue 3, 2002, Pages 219-233

The Capital Tax and Welfare Effects from Asymmetric Information on Equity Markets

Author keywords

Asymmetric information; Capital taxation; Equity home bias; Marginal cost of taxation; Theory of second best

Indexed keywords


EID: 0348246657     PISSN: 09275940     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1016263125158     Document Type: Article
Times cited : (2)

References (31)
  • 1
    • 0002633941 scopus 로고
    • Information Sharing and Tax Competition among Governments
    • Bacchetta, P. and M. P. Espinosa. (1995). "Information Sharing and Tax Competition among Governments." Journal of International Economics 39, 103-121.
    • (1995) Journal of International Economics , vol.39 , pp. 103-121
    • Bacchetta, P.1    Espinosa, M.P.2
  • 2
    • 0031396606 scopus 로고    scopus 로고
    • The International Diversification Puzzle is Worse Than You Think
    • Baxter, M. and U. J. Jermann. (1997). "The International Diversification Puzzle is Worse Than You Think." American Economic Review 87, 170-180.
    • (1997) American Economic Review , vol.87 , pp. 170-180
    • Baxter, M.1    Jermann, U.J.2
  • 3
    • 0031685650 scopus 로고    scopus 로고
    • Nontraded Goods, Nontraded Factors, and International Non-Diversification
    • Baxter, M., U. J. Jermann and R. G. King. (1998). "Nontraded Goods, Nontraded Factors, and International Non-Diversification." Journal of International Economics 44, 211-229.
    • (1998) Journal of International Economics , vol.44 , pp. 211-229
    • Baxter, M.1    Jermann, U.J.2    King, R.G.3
  • 6
    • 44949278340 scopus 로고
    • Commodity Trade and International Risk Sharing
    • Cole, H. L. and M. Obstfeld. (1991). "Commodity Trade and International Risk Sharing." Journal of Monetary Economics 28, 3-24.
    • (1991) Journal of Monetary Economics , vol.28 , pp. 3-24
    • Cole, H.L.1    Obstfeld, M.2
  • 9
    • 0346491643 scopus 로고
    • Exchange Rate Risk and the Macroeconomics of Exchange Rate Determination
    • Dornbusch, R. (1983). "Exchange Rate Risk and the Macroeconomics of Exchange Rate Determination." Research in International Business and Finance 3, 3-27.
    • (1983) Research in International Business and Finance , vol.3 , pp. 3-27
    • Dornbusch, R.1
  • 11
    • 84990172291 scopus 로고
    • Domestic Saving and International Capital Flows
    • Feldstein, M. and C. Horioka. (1980). "Domestic Saving and International Capital Flows." Economic Journal 90, 314-329.
    • (1980) Economic Journal , vol.90 , pp. 314-329
    • Feldstein, M.1    Horioka, C.2
  • 12
    • 0000815950 scopus 로고
    • Investor Diversification and International Equity Markets
    • French, K. R. and J. M. Poterba. (1991). "Investor Diversification and International Equity Markets." American Economic Review 81, 222-226.
    • (1991) American Economic Review , vol.81 , pp. 222-226
    • French, K.R.1    Poterba, J.M.2
  • 14
    • 0038978346 scopus 로고
    • An Information Based Explanation of the Domestic Bias in International Equity Investment
    • Gehrig, T. (1993). "An Information Based Explanation of the Domestic Bias in International Equity Investment." Scandinavian Journal of Economics 95, 97-109.
    • (1993) Scandinavian Journal of Economics , vol.95 , pp. 97-109
    • Gehrig, T.1
  • 15
    • 0001502886 scopus 로고    scopus 로고
    • Why is Capital so Immobile Internationally? Possible Explanations and Implications for Capital Income Taxation
    • Gordon, R. H. and A. L. Bovenberg. (1996). "Why is Capital So Immobile Internationally? Possible Explanations and Implications for Capital Income Taxation." American Economic Review 86, 1057-1075.
    • (1996) American Economic Review , vol.86 , pp. 1057-1075
    • Gordon, R.H.1    Bovenberg, A.L.2
  • 16
    • 0011313654 scopus 로고
    • Taxation of Asset Income in the Presence of a World Securities Market
    • Gordon, R. H. and H. R. Varian. (1989). "Taxation of Asset Income in the Presence of a World Securities Market." Journal of International Economics 26, 205-226.
    • (1989) Journal of International Economics , vol.26 , pp. 205-226
    • Gordon, R.H.1    Varian, H.R.2
  • 17
    • 84944832265 scopus 로고
    • On the Efficiency of Competitive Stock Markets Where Traders Have Diverse Information
    • Grossman, S. J. (1976). "On the Efficiency of Competitive Stock Markets Where Traders Have Diverse Information." Journal of Finance 31, 573-585.
    • (1976) Journal of Finance , vol.31 , pp. 573-585
    • Grossman, S.J.1
  • 18
    • 0001188867 scopus 로고
    • On the Impossibility of Informationally Efficient Markets
    • Grossman, S. J. and J. E. Stiglitz. (1980). "On the Impossibility of Informationally Efficient Markets." American Economic Review 70, 393-408.
    • (1980) American Economic Review , vol.70 , pp. 393-408
    • Grossman, S.J.1    Stiglitz, J.E.2
  • 19
    • 21144469864 scopus 로고
    • Risk Reduction by Diversification in the Nordic Stock Markets
    • Haavisto, T. and B. Hansson. (1992). "Risk Reduction by Diversification in the Nordic Stock Markets." Scandinavian Journal of Economics 94, 581-588.
    • (1992) Scandinavian Journal of Economics , vol.94 , pp. 581-588
    • Haavisto, T.1    Hansson, B.2
  • 20
    • 0005400062 scopus 로고
    • International Interest Withholding Taxation: Prospects for a Common European Policy
    • Huizinga, H. (1994). "International Interest Withholding Taxation: Prospects for a Common European Policy." International Tax and Public Finance 1, 277-291.
    • (1994) International Tax and Public Finance , vol.1 , pp. 277-291
    • Huizinga, H.1
  • 21
    • 0001966546 scopus 로고    scopus 로고
    • Tax Evasion, Tax Competition and the Gains from Nondiscrimination: The Case of Interest Taxation in Europe
    • Janeba, E. and W. Peters. (1999). "Tax Evasion, Tax Competition and the Gains from Nondiscrimination: The Case of Interest Taxation in Europe." Economic Journal 109, 93-101.
    • (1999) Economic Journal , vol.109 , pp. 93-101
    • Janeba, E.1    Peters, W.2
  • 23
    • 84977707554 scopus 로고
    • A Simple Model of Capital Market Equilibrium with Incomplete Information
    • Merton, R. C. (1987). "A Simple Model of Capital Market Equilibrium with Incomplete Information." Journal of Finance 42, 483-510.
    • (1987) Journal of Finance , vol.42 , pp. 483-510
    • Merton, R.C.1
  • 24
    • 0030170718 scopus 로고    scopus 로고
    • Optimality Properties of Alternative Systems of Taxation of Foreign Capital Income
    • Mintz, J. and H. Tulkens. (1996). "Optimality Properties of Alternative Systems of Taxation of Foreign Capital Income." Journal of Public Economics 60, 373-399.
    • (1996) Journal of Public Economics , vol.60 , pp. 373-399
    • Mintz, J.1    Tulkens, H.2
  • 25
    • 0028560106 scopus 로고
    • Risk-Taking, Global Diversification, and Growth
    • Obstfeld, M. (1994). "Risk-Taking, Global Diversification, and Growth." American Economic Review 84, 1310-1329.
    • (1994) American Economic Review , vol.84 , pp. 1310-1329
    • Obstfeld, M.1
  • 26
    • 0030478229 scopus 로고    scopus 로고
    • Government Debt and International Portfolio Diversification
    • Smith, C. E. (1996). "Government Debt and International Portfolio Diversification." Canadian Journal of Economics 29, 394-413.
    • (1996) Canadian Journal of Economics , vol.29 , pp. 394-413
    • Smith, C.E.1
  • 27
    • 0000111838 scopus 로고
    • International Portfolio Nondiversification and Exchange Rate Variability
    • Stockman, A. C. and H. Dellas. (1989). "International Portfolio Nondiversification and Exchange Rate Variability." Journal of International Economics 26, 271-289.
    • (1989) Journal of International Economics , vol.26 , pp. 271-289
    • Stockman, A.C.1    Dellas, H.2
  • 30
    • 0012399003 scopus 로고
    • Welfare Gains from International Risksharing
    • Van Wincoop, E. (1994). "Welfare Gains from International Risksharing." Journal of Monetary Economics 34, 175-200.
    • (1994) Journal of Monetary Economics , vol.34 , pp. 175-200
    • Van Wincoop, E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.