Fiscal Risk and the Portfolio of Government Programs
收藏NBER2016-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22763
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资源简介：
In this paper, we develop a new model for government cost-benefit analysis in the presence of risk. In our model, a benevolent government chooses the scale of a risky project in the presence of two key frictions. First, there are market failures, which cause the government to perceive project
提供机构：
美国国家经济研究局
创建时间：
2016-10-01
