Asset prices, trading volumes, and investor welfare in markets with transaction costs

• Material Type: 文書・図像類
• Title: Asset prices, trading volumes, and investor welfare in markets with transaction costs
• Author/Editor: Hara, Chiaki
• Author Heading: Hara, Chiaki
• Publication, Distribution, etc.: Institute of Economic Research, Hitotsubashi University
• Publication Date: 2012-05
• Publication Date (W3CDTF): 2012-05
• Contributor: 一橋大学経済研究所世代間問題研究機構 = Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University
• Text Language Code: eng
• Subject Heading: general equilibrium; asset markets; transaction costs; Tobin tax; constant absolute risk aversion; constant relative risk aversion
• Target Audience: 一般
• Format (IMT): application/pdf
• Source: fulltext; https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/23088/cis_dp556.pdf
• Access Restrictions: インターネット公開
• Related Material (URI): URI; http://cis.ier.hit-u.ac.jp/English/index.html
• Periodical Title: CIS Discussion paper series ; No. 556
• Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• Original Data Provider (Database): 一橋大学 : HERMES-IR(一橋大学機関リポジトリ) : Research & Education Resources

• Summary, etc.: We investigate how an increase in transaction costs affect the equilibrium asset prices and allocations. We find a sufficient condition for an increas...