Endogenous Leverage and Default in the Laboratory
收藏NBER2019-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26469
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资源简介：
We study default and endogenous leverage in the laboratory. To this purpose, we develop a general equilibrium model of collateralized borrowing amenable to laboratory implementation and gather experimental data. In the model, leverage is endogenous: agents choose how much to borrow using a risky
提供机构：
美国国家经济研究局
创建时间：
2019-11-01
