Working it out: Randomized Modification and Entrepreneurial Effort in a Collateralized Debt Market
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https://www.nber.org/papers/w34398
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资源简介：
We enrich a standard debt overhang model with liquidity constraints to guide the design and interpretation of a collateralized debt modification experiment on a publicly traded lenders delinquent vehicle loans to minibus entrepreneurs. Liquidity constraints add another borrower incentive
提供机构：
美国国家经济研究局
创建时间：
2025-10-01
