Endogenous Cycles in a Competitive Search Credit Market

This paper studies a model of credit based on Gu et al. (2013) with limited commitment and endogenous debt limits in a competitive search market. There are deterministic and stochastic cycles even though the fundamentals are deterministic and time invariant. There are also multiple positive steady states if the market allows free entry

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Year of publication:	2022
Authors:	Gu, Chao
Publisher:	[S.l.] : SSRN
Subject:	Kreditmarkt \| Credit market \| Suchtheorie \| Search theory \| Konjunktur \| Business cycle \| Konjunkturtheorie \| Business cycle theory \| Wettbewerb \| Competition

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Extent:	1 Online-Ressource (9 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.4285415 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014241701