Auten, Gerald E.; Burman, Leonard E.; Randolph, William C. - In: National Tax Journal 42 (1989) 3, pp. 353-74
Suggests that a substantial part of the past variance in realization elasticities may have been due to the simultaneity between marginal tax rates and capital gains realizations. Finds that simulation is important for estimating the equilibrium response of individual taxpayers to changes in tax...