Constrained-Efficient Capital Reallocation
收藏NBER2021-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28384
下载链接
链接失效反馈官方服务：
资源简介：
We characterize efficiency in an equilibrium model of investment and capital reallocation with heterogeneous firms facing collateral constraints. The model features two types of pecuniary externalities: collateral externalities, because the resale price of capital affects collateral constraints, and
提供机构：
美国国家经济研究局创建时间：
2021-01-01
