Aggregate Consequences of Limited Contract Enforceability
收藏NBER2003-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10132
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资源简介：
We study a general equilibrium model in which entrepreneurs finance investment with optimal financial contracts. Because of enforceability problems, contracts are constrained efficient. We show that limited enforceability amplifies the impact of technological innovations on aggregate output. More
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美国国家经济研究局创建时间：
2003-12-01
