Contents
불완전한 금융계약하에서의 자본투자의 외부성에 관한 연구
Externality Cost of Capital Investment in Limited Commitment
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- Abstract
We study externality costs of capital investment under limited commitment. We solve for the constrained efficient allocation with a limited commitment environment and find positive externality costs of capital investment provided that full-risk-sharing is
- Issue Date
- 2012-05-31
- Publisher
- 한국개발연구원
Korea Development Institute
- Language
- en
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