Inefficient Investment Waves
收藏NBER2012-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18217
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资源简介：
We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles. Unverifiable idiosyncratic investment opportunities imply market prices to play a role of rent distribution, distorting private investment incentives from a social point of view. This
提供机构：
美国国家经济研究局创建时间：
2012-07-01
