Should a Short Sale Against the Box be a Realization Event?

Criticizes the need to treat short sales against the box as realization events. Argues that the net welfare gain of such treatment is uncertain (under traditional Haig-Simons notions of equity) and that efficiency gains are dependent on views of stock trading.

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Year of publication:	1997
Authors:	Weisbach, David A.
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 50.1997, 3, p. 495-506
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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