Liberini, Federica; Russo, Antonio; Stimmelmayr, Michael - 2016
capital gains tax on these two decision margins and test our theoretical prediction using a bivariate probit model on a sample … the lock-in-effect and indicate a larger discouraging effect of rising capital gains taxes (+10%-points increase) on one … increase in the capital gains tax (+10%-points) raises the probability of choosing one-shot full acquisition (+5.5%-points …