Feb 11, 2021 · We find that the latter exchange economy is more efficient in encouraging consumption smoothing than the economy with the long-lived asset. We ...
Oct 13, 2020 · We find that the latter exchange economy is more efficient in encouraging consumption smoothing than the economy with the long-lived asset.
Feb 11, 2021 · The motivation of this paper is to study and compare the performance of two exchange economies, one for a long-lived asset and the other one ...
We find that the latter exchange economy is more efficient in encouraging consumption smoothing than the economy with the long-lived asset. We find evidence of ...
(PDF) An Experimental Comparison of Two Exchange Economies
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Feb 22, 2021 · There were 12 subjects in each experimental session. Sessions involved either the (long-lived) asset market. or the credit (short-lived asset) ...
The Lucas (1978) Tree Model lies at the heart of modern macro-finance. At its core, it provides an analysis of the equilibrium price of a long-lived asset ...
An Experimental Comparison of Two Exchange Economies: Long-Lived Asset versus Short-Lived Asset. Enrica Carbone, John Denis Hey, Tibor Neugabauer.
An Experimental Comparison of Two Exchange Economies:Long-Lived Asset versus Short-Lived Asset · Metadata · Download · Export · Statistics · About Research Online.
We find that the latter exchange economy is more efficient in encouraging consumption smoothing than the economy with the long-lived asset. We find evidence of ...
"An Experimental Comparison of Two Exchange Economies: Long-Lived Asset vs. Short-Lived Asset," Management Science, INFORMS, vol. 67(11), pages 6946-6962 ...