Antunes, António; Cavalcanti, Tiago; Villamil, Anne - In: Journal of Monetary Economics 55 (2008) 2, pp. 278-297
A general equilibrium model with heterogeneous agents (with respect to wealth and ability) shows that differences across countries in intermediation costs and enforcement generate differences in occupational choice, firm size, credit, output and income inequality. Counterfactual experiments are...