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Full-Text Articles in Social and Behavioral Sciences
White Students Can You Dig It? White Liberation, Wright State University Student Body
White Students Can You Dig It? White Liberation, Wright State University Student Body
Wright State University Alternative Newspaper Collection
A flyer criticizing Wright State University for being controlled by various local corporations and entities and the university administration for putting forth the student constitution without considering the student body's input.
Taxes And Share Valuation In Competitive Markets, Vernon L. Smith
Taxes And Share Valuation In Competitive Markets, Vernon L. Smith
Economics Faculty Articles and Research
This paper extends the fundamental theorem of share (or capital) valuation under conditions of certainty and purely competitive markets, to allow for the distinction between capital gains and income in the taxation of personal income. The objective is to develop the theorem for the tax case in a form general enough to allow for corporations both currently and not currently paying a dividend. However, the general derivation is sufficiently tedious to warrant a presentation which begins with less general cases. Accordingly, we will first develop the share valuation equation for a continuous discount version of the taxless case for corporations …