The Existence Of Equilibrium In A Financial Market With General Personal And Corporate Tax Structures

QED Working Paper Number
939

This article concerns the existence of equilibrium in a two-period model with general personal and corporate tax structures. We show that an equilibrium exists if there is a price system under which no consumer or firm has an arbitrage opportunity. The model can be modified to handle non convex tax structures and capital gains.

Author(s)

Xing Jin

JEL Codes

Keywords

taxation
general equilibrium
financial markets

Working Paper

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