Many developing countries are characterized by a large share of home production. Households allocate their time on both market and non-market activities. The introduction of a tax on labor or capital income induces people to divert from market production to home production. Furthermore, children...

The effects of option trading at the DTB on the variance of the underlying stocks are examined. We use a new distribution free test being based on the empirical distribution functions. The evidence indicates that stock return variance increased after the introduction of the DTB. This effect can...

Many developing countries are characterised by a large share of home production. Households allocate their time on both market and non-market activities. The introduction of a tax on labour or capital income induces people to divert from market production to home production. Furthermore,...