The Impact of Different Capital Gains Tax Regimes on the Lock-In Effect and New Risky Investment Decisions.
评估五种资本利得税制度对投资者锁定效应和新风险投资决策的影响，比较不同税制下的资产组合配置，并分析出售资产的不利税收后果与锁定效应的关系。
Abstract Assesses the impact of five different capital gains tax regimes on lock-in effect and new risky investment decisions. Features of the tax regimes investigated; Comparison of the portfolio allocations of the subjects; Relationship between unfavorable tax consequences of selling assets and lock-in effect.