Soft budget constraints in a dynamic general equilibrium model
This paper considers an overlapping generations model in which capital investment is financed in a credit market with adverse selection. Lenders’ inability to commit ex-ante not to bailout ex-post, together with a wealthy position of entrepreneurs gives rise to the soft budget constraint syndrome, i...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2010
- Institución:
- Universidad del Rosario
- Repositorio:
- Repositorio EdocUR - U. Rosario
- Idioma:
- spa
- OAI Identifier:
- oai:repository.urosario.edu.co:10336/10800
- Acceso en línea:
- https://doi.org/10.48713/10336_10800
http://repository.urosario.edu.co/handle/10336/10800
- Palabra clave:
- Economía financiera
Inversiones de capital::Modelos Econométricos
Empresas::Valoración
Administración financiera
Riesgo (Economía)
Ciclo económico
- Rights
- License
- http://purl.org/coar/access_right/c_abf2