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Abstract

This note develops an overlapping generations model with credit rationing on research and development, in which both are determined simultaneously and endogenously. The model provides a useful tool to examine different policies that may help alleviate the negative effect of �financial constraints faced by fi�rms.



Item Type: MPRA Paper -

Original Title: A note about credit rationing on research and development-

Language: English-

Keywords: RandD, credit constraints, overlapping generations-

Subjects: D - Microeconomics > D9 - Intertemporal Choice > D91 - Intertemporal Household Choice ; Life Cycle Models and SavingD - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information ; Mechanism DesignD - Microeconomics > D9 - Intertemporal Choice > D92 - Intertemporal Firm Choice, Investment, Capacity, and Financing-





Author: Fiaschi, Alessandro

Source: https://mpra.ub.uni-muenchen.de/12300/







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