Illiquid Lemon Markets and the Macroeconomy
收藏NBER2023-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31711
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资源简介：
We study the macroeconomic implications of asymmetric information in capital markets. We build a quantitative capital-accumulation model in which capital is traded in illiquid markets, with sellers having more information about capital quality than buyers. Asymmetric information distorts the terms
提供机构：
美国国家经济研究局
创建时间：
2023-09-01
