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Hold or sell? : How capital gains taxation affects holding decisions / Annika Hegemann, Angela Kunoth, Kristina Rupp and Caren Sureth-Sloane
Content
1 Introduction
2 Prior Literature
3 Model
3.1 Tax-free Model
3.2 General Tax Model
4 Holding Decisions
4.1 Parameter sensitivity
4.2 Analytical Approach
4.3 Worst Exit Time
4.4 Extremes at the Boundaries
4.5 Numerical Analysis
5 Conclusion
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