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

David A. Weisbach

National Tax Journal, 1997, vol. 50, issue 3, 495-506

Abstract: 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.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:50:y:1997:i:3:p:495-506

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