This paper reviews the main issues that needs to be addressed in the taxation of capital gains. The main focus of the paper is on the tax treatment of capital gains in the United States. The impact of inflation on asset values and the taxation of gains have led to calls for an inflation-adjusted...

It is well known that the preferential tax treatment of housing induces an inefficient allocation of saving and investment. This paper analyzes, in a portfolio framework, how eliminating the deductibility of mortgage interest payments for federal income tax purposes might affect investment in...

This paper examines the emergence of collaborative watershed management in Lake Tahoe by focusing on how institutions managing coordination and conflict have changed over time. It begins by describing the evolution of watershed governance and examines the extent to which the institutional...