Leverage and Asset Prices: An Experiment.
收藏NBER2020-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26701
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资源简介：
We develop a model of leverage that is amenable to laboratory implementation and gather experimental data. We compare two identical economies: in one economy, agents cannot borrow; in the other, they can leverage a risky asset to issue debt. Leverage increases asset prices in the laboratory. This
提供机构：
美国国家经济研究局
创建时间：
2020-01-01
