Collateral constraints and rental markets

We study a benchmark model with collateral constraints and heterogeneous discounting. Contrarily to a rich literature on borrowing limits, we allow for rental markets. By incorporating this missing market, we show that impatient agents choose to rent rather than to own the collateral in the neighbor...

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Bibliographic details
Volume: 121
Main Author: d’Albis, Hippolyte
Iliopulos, Eleni
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: LAUSANNE Elsevier B.V 01.12.2013
ELSEVIER SCIENCE SA
Elsevier
published in: Economics letters Vol. 121; no. 3; pp. 436 - 439
ORCID: 0000-0002-6409-4320
Data of publication: December 2013
ISSN: 0165-1765
1873-7374
EISSN: 1873-7374
Discipline: Economics
Subjects:
R31
E30
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index - 2013
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