Now showing items 21-21 of 21

    • A theory of capital gains taxation and business turnover 

      Cavalcanti, Ricardo de Oliveira; Erosa, Andrés
      2007-09
      We present a theory concerning the realization of capital gains where ownership and control are linked as in Holmes and Schmitz (J. Pol. Econ. 103: 1005-1038, 1995). The model developed is a version of a Lucas-tree economy ...