A Theory of Debt Based on the Inalienability of Human Capital
收藏NBER1991-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3906
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资源简介：
Consider an entrepreneur who needs to raise funds from an investor, but cannot commit not to withdraw his human capital from the project. The possibility of a default or quit puts an upper bound on the total future indebtedness from the entrepreneur to the investor at any date. We characterize the
提供机构：
美国国家经济研究局
创建时间：
1991-11-01
