Market microstructure matters when imposing a Tobin tax-Evidence from the lab.

J Econ Behav Organ · 2011 · PMC3226974 · PMID 22210970

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highly significantno p-value reported

(2010) , when the tax is introduced in only one market (TT_unilateral), the drop is highly significant in both treatments, while trading volume in the untaxed market (Tax_haven) increases significantly in both treatments (with the effect being stronger in OTC).

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