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Dynamic allocation and pricing in incomplete markets : a survey

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Endogenously Procyclical Liquidity, Capital Reallocation, and q

Cao, Melanie - 2017

Capital reallocation is procyclical and dispersion in Tobin's q across firms is counter-cyclical or acyclical. These facts run counter to the Schumpeterian view of capital reallocation embodied in modern theories of business cycles. To resolve the puzzles, we model an economy with search...

Persistent link: https://www.econbiz.de/10012972482

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Incomplete markets, excluded goods and natural resource management

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