A Model of Trading Volume with Tax-Induced Heterogeneous Valuation and Transaction Costs

B-Tier

Journal: Journal of Financial Intermediation

Year: 1996

Volume: 5

Issue: 4

Pages: 340-371

Authors (3)

Michaely, Roni (University of Hong Kong) Vila, Jean-Luc (not in RePEc) Wang, Jiang (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count