Bianconi, Ginestra; Galla, Tobias; Marsili, Matteo; … - In: Journal of Economic Behavior & Organization 70 (2009) 1-2, pp. 231-240
We show that the introduction of Tobin taxes in agent-based models of currency markets can lead to a reduction of both … from speculators are maximal for the institutions acting as market makers. We here focus on minority game models of markets … speculative trading and the magnitude of exchange rate fluctuations at intermediate tax rates. In this regime revenues obtained …