Intermediation In Overlapping Generations Economies
Mark Pingle and
Leigh Tesfatsion ()
ISU General Staff Papers from Iowa State University, Department of Economics
Abstract:
Do active earnings-driven intermediaries have a significant role to play in dynamic economies, even in the absence of transactions costs and asymmetrical information? This paper shows that the answer is "yes" for the overlapping generations (OG) economy...
Date: 1991-11-01
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