Debt and Creative Destruction: Why Could Subsidizing Corporate Debt be Optimal?
收藏NBER2012-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17920
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资源简介：
We illustrate the welfare benefit of tax subsidies to corporate debt financing. Two firms engage in a socially wasteful competition for survival in a declining industry. Firms differ on two dimensions: exogenous productivity and endogenously chosen amount of debt financing, resulting in a two
提供机构：
美国国家经济研究局
创建时间：
2012-03-01
