The capital gain lock-in effect and equilibrium returns

Article Abstract:

A general equilibrium model of asset pricing was created to assess capital gain lock-in and equilibrium returns. The model shows that capital gain lock-in lessens the pre-tax returns of securities with accrued capital gains. Such effect suggests the existence of slowly dissipating security return reversal. The model also suggests that the mean accrued capital gains and investment horizons of investors affect the optimal portfolio composition.

Economics, Research and Development in the Social Sciences and Humanities, Research, Models, Economic research, Capital gains tax, Equilibrium (Economics)

---

Cooperation among strangers with limited information about reputation

Article Abstract:

A study on the required amount of institutional intervention, in circumstances where interactions take place among essentially strangers, and for securing efficiency-enhancing cooperation in markets and organizations, is presented.

Methods, Industrial cooperation, Reputation

---

The capital gain lock-in effect and perfect substitutes

Article Abstract:

Accrued capital gains of investors and their impact on perfect substitute securities is analyzed.

Securities, Capital gains

Similar abstracts:

• Abstracts: On the "lock-in" effects of capital gains taxation. Optimal cities with indivisibility in production and interactions between firms
• Abstracts: "Basket cases": tax incentives and international joint venture participation by American multinational firms. On the timeliness of tax reform
• Abstracts: Optimality of a competitive equilibrium in a small open city with congestion. The economics of pricing parking
• Abstracts: Optimal unemployment insurance. Employment turnover and the public allocation of unemployment insurance. Benefit entitlement and unemployment duration: the role of policy endogeneity
• Abstracts: Country size and tax competition for foreign direct investment. Preferential trade agreements and tax competition for foreign direct investment

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.