Quantitative Asset Pricing Implications of Endogenous Solvency Constraints
收藏NBER1999-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6953
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资源简介：
We study the asset pricing implications of an economy where solvency constraints are determined to efficiently deter agents from defaulting. We present a simple example for which efficient allocations and all equilibrium elements are characterized analytically. The main model produces large equity
提供机构：
美国国家经济研究局
创建时间：
1999-02-01
