{"title":"含税资产定价基本定理","authors":"Marcus Becker","doi":"10.2139/ssrn.2030759","DOIUrl":null,"url":null,"abstract":"In this paper we prove a version of the fundamental theorem of asset pricing in discrete time, accounting for personal income taxes. We apply this theorem to the valuation of firms.","PeriodicalId":420615,"journal":{"name":"ERN: Personal Income & Other Non-Business Taxes & Subsidies (Topic)","volume":"258 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2012-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Fundamental Theorem of Asset Pricing with Taxes\",\"authors\":\"Marcus Becker\",\"doi\":\"10.2139/ssrn.2030759\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In this paper we prove a version of the fundamental theorem of asset pricing in discrete time, accounting for personal income taxes. We apply this theorem to the valuation of firms.\",\"PeriodicalId\":420615,\"journal\":{\"name\":\"ERN: Personal Income & Other Non-Business Taxes & Subsidies (Topic)\",\"volume\":\"258 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2012-03-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Personal Income & Other Non-Business Taxes & Subsidies (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2030759\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Personal Income & Other Non-Business Taxes & Subsidies (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2030759","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
In this paper we prove a version of the fundamental theorem of asset pricing in discrete time, accounting for personal income taxes. We apply this theorem to the valuation of firms.