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Product Number WP 1990-12
December 31, 1989
From the
Office of Tax Policy Research
WORKING PAPER SERIES
Some Nonlinear Tax Effects on
Asset Values and Investment
Decisions Under Uncertainty
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by
Jeffrey K. MacKie-Mason
University of Michigan and NBER
The Office of Tax Policy Research,
established in 1987, promotes policyoriented research in taxation, and serves
as a liaison between the academic,
business, and policy making
communities. We are committed to using
state-of-the-art methods to analyze tax
policy issues, and to disseminate our
findings, and those of a broader academic
community, to people in the policy
making community.
LEADING IN THOUGHT AND ACTION