Katalog GES



Investment complementarities, coordination failure, and systemic bankruptcy

This paper studies systemic bankruptcy in an economy where: (i) investment complementarities exist; (ii) firms have heterogeneous information about investment returns; and (iii) firms need to finance their investments by borrowing from outside lenders. In a global game setup, I demonstrate that... Full description

1st Person: Li, Mei
Source: in Oxford Economic Papers Vol. 65, No. 4 (2013), p. 767-788
More Articles
Type of Publication: Article
Language: English
Published: 2013
Online: Volltext
  Search for full text

Online

Volltext

Similar Items

Cannot find similar records

Library Services

Search Options

Quick links

Orientation