A note about credit rationing on research and development

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.

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Year of publication:	2008-09
Authors:	Fiaschi, Alessandro
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	R&D \| credit constraints \| overlapping generations

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; D82 - Asymmetric and Private Information ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005789230