Cocco, João F. (contributor) - 2000 - [Elektronische Ressource]
emphasizes both horizon effects and the role of
liquidity constraints.
There are several related papers, both in the consumption … relax liquidity constraints.
Perhaps the cleanliest way to investigate the nature and the determinants of this trade-off
is …, and therefore at the
initial date choose to buy a smaller house in order to relax liquidity constraints. Thus, even
though …