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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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