On the “Lock-In” Effects of Capital Gains Taxation

The most important drawback of a tax on realized capital gains is its “lock-in” effect. This paper uses a simple land development model to examine the distortion that the lock-in effect generates. A surprising result is that the lock-in effect does not arise if the basis for the capital gains tax (u...

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Veröffentlicht in:	Journal of urban economics 1996-11, Vol.40 (3), p.303-315
1. Verfasser:	Kanemoto, Yoshitsugu
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital gains tax Fiscal theory Urban economics
Online-Zugang:	Volltext
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