<> <http://www.w3.org/2000/01/rdf-schema#comment> "The repository administrator has not yet configured an RDF license."^^<http://www.w3.org/2001/XMLSchema#string> . <> <http://xmlns.com/foaf/0.1/primaryTopic> <https://discovery.ucl.ac.uk/id/eprint/10150091> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/AcademicArticle> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/Article> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/dc/terms/title> "Financial transaction taxes and the informational efficiency of financial markets: A structural estimation"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/ontology/bibo/abstract> "We develop a new methodology to estimate the impact of a financial transaction tax (FTT) on financial market outcomes. In our sequential trading model, there are price-elastic noise and informed traders. We estimate the model through maximum likelihood for a sample of 60 NYSE stocks in 2017. We quantify the effect of introducing an FTT given the parameter estimates. An FTT increases the proportion of informed trading, improves information aggregation, but lowers trading volume and welfare. For some less liquid stocks, however, an FTT blocks private information aggregation."^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/dc/terms/date> "2022-12" . <https://discovery.ucl.ac.uk/id/document/1472270> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/Document> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/ontology/bibo/volume> "146" . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/ontology/bibo/issue> "3" . <https://discovery.ucl.ac.uk/id/org/ext-f308aad1ef8f70546c3a197f104f2ad5> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Organization> . <https://discovery.ucl.ac.uk/id/org/ext-f308aad1ef8f70546c3a197f104f2ad5> <http://xmlns.com/foaf/0.1/name> "Elsevier"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/dc/terms/publisher> 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<http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/10150091#authors> . <https://discovery.ucl.ac.uk/id/eprint/10150091#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_1> <https://discovery.ucl.ac.uk/id/person/ext-11553b8f3d876d897a89dd155d8183b0> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/dc/terms/creator> <https://discovery.ucl.ac.uk/id/person/ext-07335b685f1c8477050358c0bdb6e6a2> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/10150091#authors> . <https://discovery.ucl.ac.uk/id/eprint/10150091#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_2> <https://discovery.ucl.ac.uk/id/person/ext-07335b685f1c8477050358c0bdb6e6a2> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/dc/terms/creator> <https://discovery.ucl.ac.uk/id/person/ext-a8bfc841ba3f360ee0db7c14ddc5a55a> . <https://discovery.ucl.ac.uk/id/eprint/10150091> <http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/10150091#authors> . <https://discovery.ucl.ac.uk/id/eprint/10150091#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_3> <https://discovery.ucl.ac.uk/id/person/ext-a8bfc841ba3f360ee0db7c14ddc5a55a> . <https://discovery.ucl.ac.uk/id/person/ext-11553b8f3d876d897a89dd155d8183b0> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-11553b8f3d876d897a89dd155d8183b0> <http://xmlns.com/foaf/0.1/givenName> "Antonio"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-11553b8f3d876d897a89dd155d8183b0> <http://xmlns.com/foaf/0.1/familyName> "Guarino"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-11553b8f3d876d897a89dd155d8183b0> <http://xmlns.com/foaf/0.1/name> "Antonio Guarino"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-a8bfc841ba3f360ee0db7c14ddc5a55a> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-a8bfc841ba3f360ee0db7c14ddc5a55a> <http://xmlns.com/foaf/0.1/givenName> "Andreas"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-a8bfc841ba3f360ee0db7c14ddc5a55a> <http://xmlns.com/foaf/0.1/familyName> "Uthemann"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-a8bfc841ba3f360ee0db7c14ddc5a55a> <http://xmlns.com/foaf/0.1/name> "Andreas Uthemann"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-07335b685f1c8477050358c0bdb6e6a2> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-07335b685f1c8477050358c0bdb6e6a2> <http://xmlns.com/foaf/0.1/givenName> 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