The Lock-In Effect of Capital Gains Taxation on Land Use
The Lock-In Effect of Capital Gains Taxation on Land Use
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资本利得税对土地使用的锁定效应
DOI：
10.1006/juec.1996.0012
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发表时间：
1996
期刊：
影响因子：
--
通讯作者：
Fukuju Yamazaki
中科院分区：
文献类型：
--
作者：
Fukuju Yamazaki
本文将构建一个简单的土地开发模型，以重新考虑完美预见下资本利得税的锁定效应。在没有竞争性租赁市场的情况下，如日本，锁定效应会阻碍土地的有效利用。我们将区分对存量变量的锁定效应和对流量变量的锁定效应。尽管对已实现的资本收益征税对土地使用分配的影响不明确，但它无疑会阻碍土地开发。
The present paper will construct a simple model of land development to reconsider the lock-in effect of capital gains taxation under perfect foresight. In the case where there is no competitive rental market, as in Japan, a lock- in effect deters the efficient land use. We will distinguish between the lock-in effect on stock variables and that on flow variables. Although a tax on realized capital gains has an ambiguous effect on allocation of land use, it unambiguously deters land development.